JAMB Economics 2023 Objective — Question 24

Question 24 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2023 Objective paper, with the correct answer and a full explanation.

The major problem of computing the national income using the output approach is

A. (A) incomplete records
B. (B) over-production
C. (C) double countingCorrect
D. (D) unmarketed product

Explanation

Using the output approach, an input and its final product can both be counted, leading to double counting of national income.

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