name the methods used by c.s.o to calculate national income
Hello Dear,
- Product method. Also known as the value-added method, the product method is based on the net value added to the product at every stage of production.
- Income method.
- Expenditure method.
The National Income Unit of the Central Statistical Organisation (CSO) estimates a major part of the national incomes by the product method, e.g., in sectors like agriculture, animal husbandry, forestry, fishing, mining and factory establishments.
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