The summation of the total production of all firms and industries in the economy

Question

The summation of the total production of all firms and industries in the economy gives us the ____________ or value-added method.

Options:

A . Investment

B . Income

C . Expenditure

D . Production

Answer: Option D
:
D
The value-added and the production methods are one and the same.

Was this answer helpful ?

Next Question

More Questions on This Topic :

Question 1. Wealth is an example of:....

Question 2. If a car is purchased by a taxi-operator, it will be regarded as a:....

Question 3. The stock of unsold finished or unfinished goods, and unused raw materials and intermediate goods that a firm carries fr....a firm carries from one year to another is called ___.

Question 4. Which of the following items is not included while estimating national income by income method?....

Question 5. Which of these economic agents supply labour as a factor of production?....

Question 6. Those goods which satisfy human wants directly are called :....

Question 7. How many methods do we have in order to calculate national income?....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

DSP Combined 1 Free Revision Test SAIL JO E-0

GPOE / GPA Combined 1 Free Revision Test SAIL JO E-0

BSP Plant Specific Review Test SAIL JO E-0

BSL Combined 1 Free Revision Test SAIL JO E-0

GFM Combined 1 Free Revision Test SAIL JO E-0