Economy, asked by aksajoy6259, 11 months ago

Different between income method and production method

Answers

Answered by vinusree

In the income method the GDP or Gross Domestic Product is calculated by adding factor incomes. It is the sum of the incomes earned through theproduction of goods and services. ... The basic difference between the twomethods is in terms of the components which are used to measure the GDP.

Previous Question

Next Question

Similar questions

CBSE BOARD XII, 6 months ago

राइट नोट ऑन प्राइवेट सिक्योरिटी...

English, 6 months ago

4. The digital divide is clearly visible in IT revolution because (a) it has improved a lot of average Indian citizen (b) it has benefitted only the products of IITs or some IT-literates (c) it has made India a knowledge economy or society (d) non-IT trained students run the IT institutes...

Science, 6 months ago

कटाई को परिभाषित करें...

Chemistry, 11 months ago

Answer the following questions. What is done to prevent corrosion of metals?

History, 11 months ago

After its U-boats sank the Lusitania in 1915, what did Germany promise to do?

Political Science, 1 year ago

What amenment incorporated fundamental duties in the constitution of india?

Biology, 1 year ago

Vegetative propagation and artificial propagation conclusion...

Biology, 1 year ago

name the tissue present in the lung aveoli...