Double counting in the national income accounts will occur if GDP is computed by summing up:
A) final output sales.
B) value added.
C) all sales.
D) the income earned by a country's residents.
Correct Answer:
Verified
Q52: Government purchases that are counted as part
Q53: The value of intermediate goods is:
A)included in
Q54: Which of the following is an example
Q55: The reason economists include only the value
Q56: Value added is calculated by:
A)subtracting the cost
Q58: Suppose the value of your home increases
Q59: Double counting in the national income accounts
Q60: Government expenditures for Social Security and unemployment
Q61: While net domestic product (NDP)is theoretically a
Q62: Depreciation:
A)estimates the decrease in value of capital
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