National income accountants can avoid double counting by:
A)including government transfer payments in their calculations
B)counting both intermediate and final products
C)counting only final products
D)counting only intermediate products
E)subtracting taxes from their calculations

Question

Quizplus · Accepted Answer

National income accountants can avoid double counting by counting only final products. Double counting occurs when the value of a good or service is counted more than once in the calculation of national income. Including intermediate goods in the calculation would count them twice, as they are already included in the value of the final product. Excluding transfer payments or subtracting taxes may affect the accuracy of the calculation, but it does not necessarily address the issue of double counting.

National Income Accountants Can Avoid Double Counting By