One way of solving the problem of double counting is by
One way of solving the problem of double counting is by
Value-added method
Income method
Output method
Expenditure method
Correct answer is A
This problem is perfectly solved by the value-added method. According to this method, rather than taking the value of final products, value-added by each firm at each stage of production is included.
Which one of the following measures the natural growth rate of population? ...
Firms continue to employ workers until the wage rate equals the ...
The reward on machinery and equipment in the process of production is known as ...
The primary reason for desiring economic growth is to ...
Which of the following will occur when the market is unstable? ...
An economic system in which individual control the productive resources is known as ...
One of the ways of improving the marketing of agricultural produce is by ...
Which of the following is used by the Central Bank of Nigeria to control inflation? ...
The oil boom between 1970 - 1980 caused the oil sector to become___________ ...