Economy, asked by Anonymous, 10 months ago

What is double counting?

Economics
Chapter- Sectors of the Indian Economy
Class 10th

Answers

Answered by Anonymous

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Double counting in accounting is an error whereby a transaction is counted more than once, for whatever reason. But in social accounting it also refers to a conceptual problem in social accounting practice, when the attempt is made to estimate the new value added by Gross Output, or the value of total investments.

Answered by Anonymous

heya here i m with your answer .

ANSWER

Double counting means counting of the value of the same product (or expenditure) more than once. ... In this way certain items are counted more than once resulting in over-estimation of national product to the extent of the value of intermediate goods included.

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