Double Counting in the Value Added Approach to GDP Statistics

Multiple Choice

Double counting in the value added approach to GDP statistics is avoided by

A) correct accounting of the values of exports and imports
B) choosing only one method to calculate GDP--either the income or the expenditures method
C) counting only the value added at each stage of a good's production process
D) counting the value of final and intermediate goods and services
E) subtracting the total value of intermediate goods and services from the total value of final goods and services