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the value added method used in measuring national income is to 

Economics
WAEC 2017

the value added method used in measuring national income is to 

  • A. measure output at factor cost
  • B. avoid multiple counting of output
  • C. deduct depreciation of capital assets
  • D. add net factor income from abroad
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Correct Answer: Option D
Explanation

By adding to its net factor income from abroad, we get NNPFC which is callednational income.

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