To include the value of goods or services more than one time while calculating National Income is ca...........

To include the value of goods or services more than one time while calculating National Income is called :

Single Counting

Double Counting

Multiple Counting

None of these

- Option 1: Single Counting

- This refers to counting the value of goods or services one time in calculations. It avoids overestimating the total value.

- Option 2: Double Counting

- This involves including the value of goods or services more than once in the calculation of national income.

- It's incorrect because it falsely inflates the national income figures.

- Correct Answer

- Option 3: Multiple Counting

- Similar to double counting, but involves counting the same item multiple times, making the error even bigger.

- Option 4: None of these

- This option is used when none of the given options applies to the situation.

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