Multiple Choice
Double counting in the national income accounts will occur if GDP is computed by summing up:
A) final output sales.
B) value added.
C) all sales.
D) the income earned by a country's residents.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q61: Government expenditures for Social Security and unemployment
Q62: Which of the following would increase this
Q63: Suppose both nominal GDP and real GDP
Q64: For the purposes of calculating GDP using
Q65: Comparisons of per capita gross domestic product
Q67: A change in business inventories is:<br>A)not counted
Q68: What is net foreign factor income,and how
Q69: What are the four expenditure components of
Q70: GDP is a:<br>A)stock concept and refers to
Q71: Which of the following is not a