Economics · National Income Accounting
Consider the following expression: National Income = Compensation of Employees + Operating Surplus (Rent + Interest + Profit) + Mixed Income of Self-employed + Net Factor Income from Abroad This formula is used in which method of measuring national income?
- 1Consumption Method
- 2Expenditure Method
- 3Income Method✓
- 4Value Added Method or Product Method
Correct answer
Income Method
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