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Questions › JNU › JNU SSS 2019 › Q38
1 markMacroeconomics › National income accounting › The income and value-added methodsModerateabout 1 min

JNU SSS 2019 Question 38: National income accounting

Consider the following statements:

I. The income method of GDP calculation considers incomes received by factors of production only.

II. The income method of GDP calculation provides a lower value of GDP than expenditure method for the same year.

Which of the statements given above is/are correct?

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National income accounting has come up 132 times in 6 exams since 2010.

What this question tests

This question is on The income and value-added methods, part of National income accounting in Macroeconomics.

Measuring national product as factor incomes or as value added at each stage.

TestStop has 14 past-paper questions on this subtopic.

Practise National income accountingMore on The income and value-added methods

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Question from the JNU SSS 2019 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.