Question : Which of the following is not a method of calculating national income?
Option 1: Expenditure approach
Option 2: Income Approach
Option 3: Output approach
Option 4: Tax Approach
Answer (1)
18th Jan, 2024
Correct Answer: Tax Approach
Solution : The correct answer is d) Tax Approach
The Tax Approach is not a method of calculating national income. The Tax Approach is not a recognized method for calculating national income. Taxes are considered as a component of the expenditure or income approach, depending on how they are treated in the specific calculation.
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