UPSC Economics People as Resource Question Bank Structure of Economy and Human Resources in India

  • question_answer
    Which one of the following is not a method of measurement of National Income?

    A) Value Added Method

    B) Income Method

    C) Expenditure Method

    D) Investment Method

    Correct Answer: D

    Solution :

    Investment method is not a method of measurement of National Income. There are three methods of measurement; income method, product or value added method and the expenditure method. In the initial phase, production of goods and services takes place. During the course of production payment is made to all factors of production like wages to labour etc. Once the production completes the output is distributed for different uses like consumption etc.

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