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Explain the producation method of estima...

Explain the producation method of estimating national income

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Explain the production method of estimating national income.

Mention the three methods of measuring national income.

Knowledge Check

  • Expenditure method of estimating national income takes into account:

    A
    Trasnfer expenditure
    B
    Intermediate expenditure
    C
    Final expenditure
    D
    All the above.

  • Which one of the following is not a method of estimating National Income?

    A
    (a)Expenditure method
    B
    (b)Product method
    C
    (c)Matrix method
    D
    (d)Income method

    • Similar Questions

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    Explain the problem of double counting in estimating national income, with the help of an example. Also explain two alternative ways of avoiding the problem.

    What is the value added method of measuring national income ?

    How should the following be treated in estimating national income of a country ? Give reasons. Payment of corporate tax.

    How should the following be treated in estimating national income of a country ? Give reasons. Bonus paid to employees.

    How should the following be treated in estimating national income of a country ? Give reasons. Purchase of taxi by a taxi driver.

    How should the following be treated in estimating national income of a country ? Give reasons. Addition to stocks during a year.

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