the value added method used in measuring national income is to
ECONOMICS
WAEC 2017
the value added method used in measuring national income is to
- A. measure output at factor cost
- B. avoid multiple counting of output
- C. deduct depreciation of capital assets
- D. add net factor income from abroad
Correct Answer: D. add net factor income from abroad
Explanation
By adding to its net factor income from abroad, we get NNPFC which is callednational income.
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