Double counting in national income means

counting the income of two persons in one familyCorrect answerYour answercounting exports and importsCorrect answerYour answercounting both income and expenditureCorrect answerYour answercounting the value of an intermediate good more than onceCorrect answerYour answer

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CorrectNot quiteAnswer D

Correct answer: D

If the wheat, the flour and the bread are all added, the wheat is counted three times.

Concept: Double counting
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsValue added method and double counting

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Double counting in national income means

Explanation