What are the data requirement and outcome of different method of National Income Calculation?
Question
Solution 1
National income can be calculated using three methods: the income method, the output method, and the expenditure method. Each method requires different types of data and yields different outcomes.
- Income Method: This method calculates national income by adding up all the incomes earned by indivi Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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