| Which of the following is/are methods for calculating National Income? |
| 1. Product/Output Method |
| 2. Income Method |
| 3. Expenditure Method |
| 4. Value Added Method |
| Select the correct answer using the codes given below: |
A) 1, 2 and 3 only
B) 1 and 2 only
C) 3 and 4 only
D) 1, 2, 3 and 4
Correct Answer: D
Solution :
Value added Method is also known as: (I) Product Method; (ii) Inventory Method; (iii) Net Output Method; (iv) Industrial Origin Method; and (v) Commodity Service Method.
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