National income accountants can avoid multiple accounting by

A) including transfers in their calculations.
B) counting both intermediate and final goods.
C) only counting final goods.
D) only counting intermediate goods.

Question

Jordan Wardlow · Accepted Answer

Final Answer : C, Explanation :  National income accountants avoid multiple accounting by only counting final goods. This means that only goods and services that are sold to the end consumer are included in the calculation of national income. Intermediate goods, or goods that are used in the production process but not sold to the end consumer, are not counted to avoid multiple accounting. Including transfers in the calculation or counting both intermediate and final goods would result in double counting and incorrect measurement of national income.

National income accountants can avoid multiple accounting by

A) including transfers in their calculations.
B) counting both intermediate and final goods.
C) only counting final goods.
D) only counting intermediate goods.

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Learning Objectives

Related questions

National income accountants can avoid multiple accounting byA) including transfers in their calculations.B) counting both intermediate and final goods.C) only counting final goods.D) only counting intermediate goods.

Definitions

Learning Objectives

Learning Objectives

Related questions

National income accountants can avoid multiple accounting by

A) including transfers in their calculations.
B) counting both intermediate and final goods.
C) only counting final goods.
D) only counting intermediate goods.