The basis of the difference in income and product method of National Income Accounting is best deciphered by which of the following?
Held on 28 May 2025 · Verified 13 Jul 2026.
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.
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