CBSE 2022 Class 12 Economics Outside Delhi Set 2 (Term 2)
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Question : 1 of 5
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State any two precautions that are taken while estimating National Income by Expenditure Method.
Solution:
1. The expenditure on only final goods and services is to be taken into account to avoid the error of double counting.
2. The imputed value of goods used for self-consumption must be taken into consideration.
2. The imputed value of goods used for self-consumption must be taken into consideration.
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