Question : National income can be measured by ________________.
Option 1: Value added method
Option 2: Income method
Option 3: Expenditure method
Option 4: All of the above.
Correct Answer: All of the above.
Solution :
Question : _________________ measures national income from the perspective of factor income.
Question : According to ________________ of national income, national income is the sum total of final expenditure incurred by households, business firm, government and foreigners.
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.
Question : ____________________ method shows contribution of each producing unit in the production process.
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