passwella.
Menu

JAMB Economics 2009 Question 26

Question 26

National Income

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

  1. A.expenditure method
  2. B.income method
  3. C.output method
  4. D.value-added method
Show the answer and explanation

Answer: C (output method)

Explanation

Under the output method, adding the full value of goods at every stage counts intermediate goods more than once.