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Output Approach

Macroeconomics

How to avoid double counting in calculating GDP?

Updated on April 13, 2022 · By Ahmad Nasrudin Tag: GDP, Output Approach

How to avoid double counting in calculating GDP

Double counting can cause miscalculations in the gross domestic product (GDP). This error will overstate the GDP number because it counts the same item more than once. To avoid these mistakes, we can use a value-added approach. How can double

Tag: GDP, Output Approach

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