JAMB Economics 2009 Objective — Question 26

Question 26 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2009 Objective paper, with the correct answer and a full explanation.

Double counting is a problem in computing national income when using the

A. expenditure method
B. income method
C. output methodCorrect
D. value-added method

Explanation

When using the income approach, there is a tendency of including transfer payments which are not payments for production in the current period.

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