Question

    Which of the following methods is used to calculate

    national income by summing up the total incomes earned by individuals and businesses in an economy?
    A Value-added method Correct Answer Incorrect Answer
    B Output method Correct Answer Incorrect Answer
    C Income method Correct Answer Incorrect Answer
    D Expenditure method Correct Answer Incorrect Answer

    Solution

    The method used to calculate national income by summing up the total incomes earned by individuals and businesses in an economy is called the Income Method .

    Practice Next

    Relevant for Exams: