Question : According to ________________ of national income, national income is the sum total of final expenditure incurred by households, business firm, government and foreigners.
Option 1: Expenditure method
Option 2: Income method
Option 3: Value added method
Option 4: Output method.
Correct Answer: Expenditure method
Solution : According to expenditure method national income is the sum total of final expenditure incurred by households, business firm, government and foreigners. It includes four compenents.
Hence, Option A is correct.
Question : Which of these is not the correctly stated component of the expenditure method of measuring national income?
Question : National income can be measured by ________________.
Question : _________________ measures national income from the perspective of factor income.
Question : Which one of the following is not a method of measurement of national income?
Question : According to ___________________, factor of production by the way of wages, profit, rent, interest etc are summed up to obtain the national income.
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