Question : Which of the following are the precautions of value added method?
Option 1: Sale and purchase of second hand goods is excluded.
Option 2: Production of service for self consumption or not included. (Housewives, etc.)
Option 3: Production of goods for self consumption will be included.
Option 4: All of the above.
Answer (1)
17th Jan, 2024
Correct Answer: All of the above.
Solution :
The precautions while calculating value added method includes-
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Intermediate goods or not to be included in the national income.
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Change the stock of goods will be included.
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Imputed value of owners occupied houses should be included.
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Sale and purchase of second hand goods is excluded.
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Production of service for self consumption or not included. (Housewives, etc.)
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Production of goods for self consumption will be included.
Hence, Option D is correct.
Hence, Option D is correct.
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