Question : ____________________ method shows contribution of each producing unit in the production process.
Option 1: Value added method
Option 2: Income method
Option 3: Expenditure method
Option 4: All of the above.
Correct Answer: Value added method
Solution : Value added method shows the contribution of each producing unit in the production process. It is used to measure national income in different phases of production in the circular flow. Hence, Option A is correct.
Question : _________________ measures national income from the perspective of factor income.
Question : National income can be measured by ________________.
Question : According to ___________________, factor of production by the way of wages, profit, rent, interest etc are summed up to obtain the national income.
Question : The GDP estimation method measuring the aggregate value of factor payments is called ______.
Question : Which one of the following is not a method of measurement of national income?
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