GCE Economics 2023 Objective — Question 33

To overcome the problem of double counting under the expenditure approach, A. value added method is used B. only spending on final goods are considered C. proper accounting standards must be used D. spending on intermediate goods and inputs are considered

• A. value added method is used
• B. only spending on final goods are consideredCorrect
• C. proper accounting standards must be used
• D. spending on intermediate goods and inputs are considered