Income method measures national income generated from four factors of production i.e. land, labour, capital and entrepreneurship. Which of the following options link with the income method of calculating national income?

Income is generated in the form of rent, wages, interest and profits

National income can be calculated in 3 ways i.e. Income method, Expenditure method and output method.

Income method basically adds all the income generated in the economy in the form or rent, wages, interest and profits from the 4 factors of production.