Which method is also known as the "Value Added Method"?
Options
AIncome Method
BExpenditure Method
CProduct Method
DNone of the above
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Determination of National IncomePYQ - May 2019 (Inter)Question 103 of 20
All Questions Correct Answer
✅ Option c — Product Method
All Options:
- AIncome Method
- BExpenditure Method
- CProduct Method
- DNone of the above
About This Chapter: National Income
Paper
Paper 4: Business Economics
Weightage
15%
Key Topics
Aggregates, Measurement, Keynesian Theory
A crucial chapter covering national income aggregates like GDP, GNP, NDP, NNP, and the methods of measuring national income (Income, Expenditure, and Output methods). It also introduces Keynesian Theory including the concepts of Aggregate Demand, Consumption Function, and the Multiplier.
View Official ICAI SyllabusExam Strategy Tip
Practice numerical questions on GDP/GNP calculations and the Multiplier. These are guaranteed marks in every exam. Also understand the circular flow of income clearly.
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