Question

explain the problem of doubles counting in the estimation of national income with the help of illustration how it can be avoided​

Answer 1

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. ... Thus, Value of Output = Rs.

Explanation:

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