Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

When economists measure a country's total output value, they use the concept of value added. What might account for this?

  • AThey want to avoid double counting.
  • BThey want to avoid the impact of inflation.
  • CThey want to find the value of the hidden economy.
  • DThey want to include indirect taxes and subsidies.

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