The counting of the value of a commodity more than once is called double-counting. The problem of double counting leads to an overestimation of the value of goods and services…

Under national income, we discussed 3 methods namely: value-added method, income method, and expenditure method. You can revise these methods before learning the precautions of each method while calculating national…

There are 3 main methods for calculating National Income; Value-added method, Income method, and the Expenditure method. Today, I will be explaining the value-added method but To understand this method…