Question : Which of the following is not a method of calculating national income?
Option 1: Expenditure approach
Option 2: Income Approach
Option 3: Output approach
Option 4: Tax Approach
Correct Answer: Tax Approach
Solution : The correct answer is d) Tax Approach
The Tax Approach is not a method of calculating national income. The Tax Approach is not a recognized method for calculating national income. Taxes are considered as a component of the expenditure or income approach, depending on how they are treated in the specific calculation.
Question : Which of the following is not a method of calculating GDP?
Option 2: Income approach
Option 3: Production approach
Option 4: Market approach
Question : Which of the following is NOT a method to calculate national income?
Option 1: Output method
Option 2: Expenditure method
Option 3: Income method
Option 4: Profit method
Question : Which one of the following is not a method of measurement of national income?
Option 1: Value-added method
Option 2: Income method
Option 3: Investment method
Option 4: Expenditure method
Question : Which of the following is NOT a method to calculate GDP?
Option 1: Income method
Option 3: Output method
Option 4: Savings method
Question : Which one of the following is not a method for computing Gross National Product (GNP)?
Option 1: Income approach
Option 2: Expenditure approach
Option 3: Savings approach
Option 4: Value added approach
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