Question : The Gross domestic product (GDP) estimation method measuring the aggregate value of goods and services produced by the firms is called _______.
Option 1: expenditure method
Option 2: consumption method
Option 3: income method
Option 4: product method
Latest: SSC CGL Tier 1 Result 2024 Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: product method
Solution : The correct answer is the product method.
One method of calculating a nation's national income is the product or value-added method. The output or inventory method is another name for this system. It shows how each producing unit contributes to the production process. Value-added is the extra value that a company adds to a raw material through its production processes.
Candidates can download this ebook to know all about SSC CGL.
Result | Eligibility | Application | Selection Process | Preparation Tips | Admit Card | Answer Key
Question : If we deduct depreciation from GNP (gross national income), the measure of aggregate income that we obtain is called _____________.
Question : ____________ measures the aggregate production of final goods and services taking place within the domestic economy during a year.
Question : Which of the following is not a method of measuring national income?
Question : Which of the following is not one of the methods of national income estimation?
Question : Gross National Product - Depreciation Allowance = ?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile