Economics · National Income
Which method is widely considered most suitable and frequently used for calculating national income in underdeveloped or backward economies due to lack of reliable occupational data?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Social Accounting Method
- 2Income Method
- 3Expenditure Method
- 4Production (Value Added) Method✓
Correct answer
Production (Value Added) Method
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