The basis of the difference in income and product method of National Income Accounting is best deciphered by which of the following? 1. Product…
CUET UG 2025 — Economics Macro
The basis of the difference in income and product method of National Income Accounting is best deciphered by which of the following?
- Product method measures the aggregate value of final goods and services produced by all the firms.
- Income method measures the sum total of consumption expenditure.
- Product method refers to the final consumption expenditure on the goods and services produced by the firm.
- Income method refers to the fixed cost of the goods and services produced by the firm.
Held on 28 May 2025 · Verified 13 Jul 2026.
Options
- A
Product method measures the aggregate value of final goods and services produced by all the firms.
- B
Income method measures the sum total of consumption expenditure.
- C
Product method refers to the final consumption expenditure on the goods and services produced by the firm.
- D
Income method refers to the fixed cost of the goods and services produced by the firm.
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