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.
Correct Answer: All of the above.
Solution :
Hence, Option D is correct.
Question : Which of the following are the precautions of calculating national income through expenditure method?
Question : Which of the following precautions are taken while calculating national income from income method?
Question : Which of the following is included in the gross domestic product (GDP) calculation?
Question : The value added of a firm is calculated as___________.
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