Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 7. National Income
Q.6. State with reason, whether you agree or disagree with the following statement
2. Under the output method, a value-added approach is used to avoid double counting.
Options
Agree
Disagree
Yes i Agree with the above statements: -
a. In order to avoid double-counting, a value-added approach is used. According to this approach, the value-added at each stage of the production process is included.
b. The difference between the value of final outputs and inputs, at each stage of production, is called the value-added
