Question : According to ___________________, factor of production by the way of wages, profit, rent, interest etc are summed up to obtain the national income.
Option 1: Income method
Option 2: Expenditure method
Option 3: Value added method.
Option 4: All of the above.
Correct Answer: Income method
Solution :
Question : _________________ measures national income from the perspective of factor income.
Option 1: Value added method.
Option 2: Income method.
Option 3: Expenditure method.
Question : According to ________________ of national income, national income is the sum total of final expenditure incurred by households, business firm, government and foreigners.
Option 1: Expenditure method
Option 2: Income method
Option 3: Value added method
Option 4: Output method.
Question : National income can be measured by ________________.
Option 1: Value added method
Option 3: Expenditure method
Question : ____________________ method shows contribution of each producing unit in the production process.
Question : The GDP estimation method measuring the aggregate value of factor payments is called ______.
Option 1: product method
Option 2: Value added method
Option 3: expenditure method
Option 4: income method
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