Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Which method of calculating national income gives highest level of national product?

Options:

Expenditure method

Income method

Output method

All of the above

Correct Answer:

All of the above

Explanation:

National income is calculated in the following 3 ways:

  • Income method
  • Output method
  • Expenditure method

All the three methods would give same level of national income.