Gross value method is employed in India: (a) To avoid double counting. (b) To avoid the impact of inflation.

CA Foundation · Business Economics · MTP · June 2024
Gross value method is employed in India: (a) To avoid double counting. (b) To avoid the impact of inflation.
(A) A. To avoid double counting.
(B) B. To avoid the impact of inflation.
(C) C. To capture the consumption levels.
(D) D. To calculate the exports.

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. To avoid double counting.

Topics: Determination of National Income

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