When calculating gross domestic product (GDP) ,double counting can be avoided by:

A) taxing corporate income.
B) adding all income taxes to GDP.
C) calculating GDP using the income as well as the expenditure method.
D) adding the value of exports to GDP and subtracting the value of imports.
E) summing the value added at each stage of production.

Double Counting

The fallacy of counting the same item or transaction more than once in economic calculations, leading to inaccuracies.

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specific time period, a primary indicator of economic health.

Value Added

The increase in value that a company adds to its inputs or raw materials before selling the final product, typically measured as the difference between input costs and output prices.