JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
JAMB CBT Software 2025 - Free Download

Double counting is a problem in computing national income when using the

Economics
JAMB 2009

Double counting is a problem in computing national income when using the

  • A. expenditure method
  • B. income method
  • C. output method
  • D. value-added method
JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
JAMB CBT Mobile App 2025 - Free Download
JAMB CBT Software 2025 - Free Download
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
Correct Answer: Option D
Explanation

The value-added method calculates national income by adding value to a product at every stage of its production.

In measuring the National Income, the value of only final goods and services is to be included. However, the problem of double counting arises when value of intermediate goods is also included along with the value of final goods.


Report an Error Ask A Question Download App
JAMB CBT Mobile App 2025 - Free Download
JAMB CBT Software 2025 - Free Download
JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

Post your Contribution

Please don't post or ask to join a "Group" or "Whatsapp Group" as a comment. It will be deleted. To join or start a group, please click here

{{ quote.posted_by.display_name }}
{{ settings.form_textarea_description }}
 
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
JAMB CBT Mobile App 2025 - Free Download
JAMB CBT Software 2025 - Free Download
JAMB CBT Mobile App 2025 - Free Download
JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
JAMB CBT Software 2025 - Free Download
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076