In National- Income Accounting, "Double Counting

question 42

Multiple Choice

In national- income accounting, "double counting"

• A)leads to an underestimation of GDP in any given period.
• B)means that consumption will always be less than GDP.
• C)means that pre- tax and after- tax GDP will be different.
• D)occurs when the value of output is counted more than once in the calculation of national income.
• E)occurs when the value of some output is omitted in the calculation of national income.

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