Question

Which of the following will be excluded when one calculating National Income through the Value Added Method?

पर्याय

• Intermediate Good 

• Services for self Consumption

• Second-Hand Goods

• All of the above.

Answer 1

All of the above

Explanation:

Double counting will be a concern with intermediate and secondhand goods. Self-consumption is not included in the calculation of National Income because no value is added to it.