Economy, asked by irinelawrence5524, 10 months ago

Describe the production method of calculating national income.

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Answered by KeshavGiri79

Answer:

Refers to the value of output at market prices minus intermediate consumption. The value of output can be calculated by multiplying quantity of output produced by a production unit during a given time period with price per unit. For instance, if output produced by a production unit in a year is 10000 units at price Rs.

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