What Does Double Counting in the Value-Added Approach to GDP

question 94

Multiple Choice

What does double counting in the value-added approach to GDP refer to?  

• A) corporate income being taxed twice 
• B) calculating GDP twice using the income method and the expenditure method 
• C) adding the value of exports to GDP and subtracting the value of imports 
• D) counting the total value of a final output in addition to the value of the inputs used to make it

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Definitions:

Commission Basis

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Purchasing Agent

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Receptionist

A receptionist is a person employed in an office or an establishment to assist visitors by greeting, directing, and providing information.

Express Instructions

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