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Product method of calculating national income is also known as 
  • a)
    Income method 
  • b)
    Value added method 
  • c)
    Expenditure method 
  • d)
    None of the above.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Product method of calculating national income is also known asa)Income...
Value added method, also called net output method, is used to measure the contribution of an economy's production units to the GDPmp. In other words, value-added method measures value added by each industry in an economy.
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Product method of calculating national income is also known asa)Income methodb)Value added methodc)Expenditure methodd)None of the above.Correct answer is option 'B'. Can you explain this answer?
Question Description
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