Question : __________________ refers to counting of an output more than one is bypassing to various stages of production.
Option 1: Double counting
Option 2: Value added
Option 3: Value of output
Option 4: None of the above.
Correct Answer: Double counting
Solution :
Question : Value added = Value of output - ?
Question : __________________ refers to market value of all goods and services produced during a period of time.
Question : Aggregate supply refers to __________________.
Question : In the product method for measurement of national income, we need to deduct the value of intermediate goods to ____.
Question : Production refers to
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