Double Counting (Counting the Same Thing Twice) in GDP Accounting

question 226

Multiple Choice

Double counting (counting the same thing twice) in GDP accounting is avoided by not including

• A) net exports.
• B) intermediate goods.
• C) illegal activities.
• D) depreciation.

---

Definitions:

Working Smarter

A strategy that focuses on achieving greater outcomes or productivity through efficient methods, often by prioritizing, leveraging tools, or streamlining processes.

Duplicate Work

Performing the same task or creating the same product multiple times, often unnecessarily, leading to inefficiency.

Outsmart

To defeat or gain an advantage over someone through greater intelligence, cleverness, or cunning.

Tech Savvy

The ability to easily understand and utilize technological tools and innovations.