write down the steps of value added method to find out national income?
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Steps to Compute 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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Answer:
Steps to Compute 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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