Question

Explain the problem of Double counting in estimating national income, with the help of an example.

Also explain two alternative ways of avoiding the problem​

Answer 1

Answer:

here is your answer

The counting of the value of commodity more than once is called Double Counting. This leads to overestimation of the value of goods and services produced. Thus, the importance of avoiding double counting lies in avoiding overestimating the value of domestic product.

Explanation:

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