National income accountants can avoid multiple counting 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

Business

Kirsten Richards

17 November, 00:08

National income accountants can avoid multiple counting by:

A) including transfers in their calculations

B) counting both intermediate and final goods

C) only counting final goods

D) only counting intermediate goods

+2

Answers (1)

Know the Answer?

Annabelle Foley · Answer 1

Only counting final goods

Explanation:

Multiple counting is an error in accounting that occurs when goods are repeatedly counted and recorded leading to over declaration of value. It leads misinformation that might make user to make decision in error.

One key way of avoiding multiple counting is by counting the final goods only as the prices of the intermediate good s and services would have been factored into the value of the final goods.

National income accountants can avoid multiple counting by:A) including transfers in their calculationsB) counting both intermediate and final goodsC) only counting final goodsD) only counting intermediate goods

National income accountants can avoid multiple counting by:

A) including transfers in their calculations

B) counting both intermediate and final goods

C) only counting final goods

D) only counting intermediate goods