What is the impact of double counting;options:False increase in National Income(2)Decrease in National Income(3)No impact on National Income(4)None of these
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10
Answer:
I think the answer is: option (2)
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5
Answer:
4 ) is the correct option
Explanation:
ANSWER
Double counting refers to counting the overall cost of production at each level of production and adding up all the cost together to estimate the price of the product. The effect of double counting let to an overestimation of national product.
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