One way of solving the problem of double counting is by

  • A Value-added method
  • B Income method
  • C Output method
  • D Expenditure method
jamb 2007economics

The correct answer is A. Value-added method

This problem is perfectly solved by the value-added method. According to this method, rather than taking the value of final products, value-added by each firm at each stage of production is included.

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