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GENERAL KNOWLEDGE
The aggregate value of goods and service...

The aggregate value of goods and services produced in an economy can be calculated by three methods: income method, expenditure method and ______ method.

A

spending

B

product

C

deposit

D

lending

Text Solution

Verified by Experts

The correct Answer is:
B
The value-added method of calculating national income focuses on the value added to a product at each stage of production.
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PINNACLE-ECONOMICS-MCQ (NATIONAL INCOME, IFLATION, BUDGET, TAXATION AND GDP)
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