Question

While estimating the national income, only the value of the final goods and services is used.' explain with the help of an example?

Answer 1

While estimating the national income only the value of the final goods and services is used because the value of final goods already includes the value of all the intermediate goods that are used in making the final goods.

Answer 2

Answer:

While estimating the national income only the value of the final goods and services is used because the value of final goods already includes the value of all the intermediate goods that are used in making the final goods.

hope it helps you......