Double Counting in the Resource Cost-Income Approach to GDP Refers

question 217

Multiple Choice

Double counting in the resource cost-income approach to GDP refers to

• A) corporate income being taxed twice
• B) the amount of income taxes paid to states that is taxable by the federal government
• C) calculating GDP twice using the income and expenditures methods
• D) adding the value of exports to GDP and subtracting the value of imports
• E) 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:

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