Double counting
Revision as of 01:18, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Double counting is a potential mistake to be avoided in measuring GDP, in which output is counted two or more times as it travels through the stages of production. ==Defi...")
Double counting is a potential mistake to be avoided in measuring GDP, in which output is counted two or more times as it travels through the stages of production.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Double counting. A potential mistake to be avoided in measuring GDP, in which output is counted two or more times as it travels through the stages of production.
