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.
\(\begin{array}{c|c} \text{Units of Quantity consumed} & \text{Total utility} & \text{Margi...
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