Question

why the value of own account production of goods of the producing units included in value added method​

Answer 1

Answer:

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Value of own-account production of fixed assets by enterprises, government and households.

Only value added and not value of output by production units should be included (i.e., avoid double counting). ...

Do not include sale of second-hand goods because they are not fresh production activity.

a) Method:

In this method two approaches—’Final Product Approach’ and ‘Value Added Approach’—are adopted.

(i) Final Product Approach:

This looks at national income from output side. By this method we measure value of all that is produced in the domestic economy. It is broadly called Gross Domestic Product.

Answer 2

Answer:

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Explanation:

ans in attachment mate