Economy, asked by s1246priya4262, 4 months ago

Give an outline of the steps involve in the estimation of national income with the help of value added method.​

Answers

Answered by Anonymous
8

Explanation:

Product or value added method is a way of computing the national income of a country. ... This system is also known as output or inventory method. This method calculates national income by adding value to a product at every stage of its production.

Answered by dineshnegi7011463929
3

Explanation:

Steps of Computing National Income

Step 1: Identification and classification of producing units. ...

Step 2: Estimation of Gross Value Added of each sector. ...

Step 3: Estimation of GDP. ...

Step 4: Estimation of National Income

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