At the time of counting national income, value of which goods is considered?

Value of raw material

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Value of semi-finished goods

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Value of goods which can be counted

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Value of final goods and services

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Solution

The correct option is B Value of final goods and services
Value added method, also called net output method, is used to measure the contribution of an economy’s production units to the GDP. In other words, value-added method measures value added by each industry in an economy.

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