Question
National Income can be calculated in all except one of the following ways :
Answer: Option C
Answer: (c)
The national income of a country can be measured by:
Product Method or the Output Method
Income Method, and
Expenditure Method.
The output approach focuses on finding the total output of a nation by directly finding the total value of all goods and services a nation produces.
The expenditure approach is basically an output accounting method.
Under the Income method, national income is measured as a flow of factor incomes.
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Answer: (c)
The national income of a country can be measured by:
Product Method or the Output Method
Income Method, and
Expenditure Method.
The output approach focuses on finding the total output of a nation by directly finding the total value of all goods and services a nation produces.
The expenditure approach is basically an output accounting method.
Under the Income method, national income is measured as a flow of factor incomes.
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