Value added method steps: First estimate output of each firm (C), then sum to get GDP at market price (A), then subtract depreciation and net indirect taxes to get NDP at factor cost (B), then add net factor income from abroad to get NNP at factor cost (D). Hence (C), (A), (B), (D).
Given below are the steps for calculation of National Income by value added method. Place them in the correct sequence. (A) Estimate Gross Domestic…
CUET UG 2022 — Economics Macro
2022mcqmedium
Given below are the steps for calculation of National Income by value added method. Place them in the correct sequence.
(A) Estimate Gross Domestic Product at market price
(B) Calculate Net Domestic Product at factor cost
(C) Estimation of value of output produced by each firm in all sectors of the economy during the year
(D) Calculate Net National Product at factor cost
Choose the correct answer from the options given below :
Official previous-year question
Verified 13 Jul 2026.
Options
- A
(C), (A), (B), (D)
- B
(A), (B), (C), (D)
- C
(B), (C), (D), (A)
- D
(D), (A), (C), (B)
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