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Q.

The product method of calculating national Income is also known as?

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a

Value added method

b

Income mettiod

c

Expenditure method

d

Distribution method

answer is A.

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Detailed Solution

The production method is also known as the output method or value-added method. In this method, we calculate the national income in terms of final goods and services produced in an economy during a particular period.

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The product method of calculating national Income is also known as?