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One way of solving the problem of double counting is by

Economics
JAMB 2007

One way of solving the problem of double counting is by

  • A. Value-added method
  • B. Income method
  • C. Output method
  • D. Expenditure method
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Correct Answer: Option A
Explanation

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.

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