While measuring the National Income, in order to avoid double counting of value of goods in computing GDP, the Final Goods Approach and the ____ is used.
Value Added Method
The correct answer is option 2. The Value Added Method is used to avoid double counting of goods while measuring National Income in computing GDP, alongside the Final Goods Approach.
Similar Questions
The task of preparing national income estimates has been assigned to the ________.
Which of the following is regarded as a Post-Reform Period Paradigm of economic reforms in India since 1991?
The money value of all the final goods and services produced in an economy during a year, estimated at current prices is regarded as __________.
The year _______ will remain a year of notable and widespread changes in the policy for economic development in India.
The money value of all the final goods and services produced in an economy during a year, estimated at some fixed prices is regarded as __________.
Find out the best possible option which describes the formula to obtain Gross National Product.
Which among the following is the main measuring scale to map the economic growth of a country?
According to ____ method of measuring national income, the national income consists of measuring the output of all producers and to deduct from this total the intermediate purchases.
According to the economic survey published in July 2019 by Govt. of India, GDP is expected to grow at ___% in 2019-20 due to growth of investment & consumption service exports.
The ____ define national income as the value created in the sphere of material product alone.
Important Questions from National Income Accounting
Rapid integration between countries is known as:
________ capital refers to the variety of raw material and money in hand during the production.
The Goods and Services Tax allowed India to become:
Which of the following is an example of primary activity of the economic sector of India?
Which of the following taxes was introduced in India to achieve the goal of 'One Nation, One Tax, One Market'?
