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Which one of the following is not a method of estimating National Income?
- a)Expenditure Method
- b)Product Method
- c)Matrix Method
- d)Income Method
Correct answer is option 'C'. Can you explain this answer?
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Which one of the following is not a method of estimating National Inco...
Method of Estimating National Income
National Income is the total income earned by the country's citizens and businesses. It is an important economic indicator that helps in measuring the country's economic growth and development. There are three methods of estimating national income: Expenditure Method, Product Method, and Income Method.
Expenditure Method
The expenditure method measures the total spending on goods and services produced within the country's borders. It includes four components: consumption expenditure, investment expenditure, government expenditure, and net exports.
Product Method
The product method measures the total value of goods and services produced within the country's borders. It calculates the national income by adding the value of all final goods and services produced.
Income Method
The income method measures the total income earned by all factors of production, such as labor, capital, and land. It includes wages and salaries, profits, interest, and rent.
Matrix Method
The matrix method is not a method of estimating national income. It is a mathematical tool used for solving systems of linear equations.
Conclusion
The correct answer is option 'C' - Matrix Method. The matrix method is not a method of estimating national income. The three methods of estimating national income are the Expenditure Method, Product Method, and Income Method.
National Income is the total income earned by the country's citizens and businesses. It is an important economic indicator that helps in measuring the country's economic growth and development. There are three methods of estimating national income: Expenditure Method, Product Method, and Income Method.
Expenditure Method
The expenditure method measures the total spending on goods and services produced within the country's borders. It includes four components: consumption expenditure, investment expenditure, government expenditure, and net exports.
Product Method
The product method measures the total value of goods and services produced within the country's borders. It calculates the national income by adding the value of all final goods and services produced.
Income Method
The income method measures the total income earned by all factors of production, such as labor, capital, and land. It includes wages and salaries, profits, interest, and rent.
Matrix Method
The matrix method is not a method of estimating national income. It is a mathematical tool used for solving systems of linear equations.
Conclusion
The correct answer is option 'C' - Matrix Method. The matrix method is not a method of estimating national income. The three methods of estimating national income are the Expenditure Method, Product Method, and Income Method.
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Which one of the following is not a method of estimating National Income?a) Expenditure Method b) Product Method c) Matrix Method d) Income Method Correct answer is option 'C'. Can you explain this answer?
Question Description
Which one of the following is not a method of estimating National Income?a) Expenditure Method b) Product Method c) Matrix Method d) Income Method Correct answer is option 'C'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about Which one of the following is not a method of estimating National Income?a) Expenditure Method b) Product Method c) Matrix Method d) Income Method Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one of the following is not a method of estimating National Income?a) Expenditure Method b) Product Method c) Matrix Method d) Income Method Correct answer is option 'C'. Can you explain this answer?.
Which one of the following is not a method of estimating National Income?a) Expenditure Method b) Product Method c) Matrix Method d) Income Method Correct answer is option 'C'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about Which one of the following is not a method of estimating National Income?a) Expenditure Method b) Product Method c) Matrix Method d) Income Method Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one of the following is not a method of estimating National Income?a) Expenditure Method b) Product Method c) Matrix Method d) Income Method Correct answer is option 'C'. Can you explain this answer?.
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