Question

Sandeep garg ch-measurement of national income solution

Answer 1

Answer:

Ans: The three methods of national income are. The above-provided solutions are considered to be the best solution for 'Sandeep Garg Macroeconomic Class 12 Solutions Chapter 4 Measurement of National Income. Stay tuned to BYJU'S to learn more.

Answer 2

Answer:

The methods of calculating national income

• Value Added Method
• Income Method
• Expenditure Method

Explanation:

For calculating national income through value-added method is found by adding the values of output produced by the various sectors of the economy during the year.

In the income method, the national income can be found by adding the total incomes from employment and ownership of assets before taxation received from the different production activities in the economy.

In the expenditure method, the national income can be measured by the total domestic expenditure of the economy in terms of consumption expenditure and investment expenditure.