The output approach to measuring national income is based...
The output approach to measuring national income is based on the computation of
Final output
Factor cost
Value added
Profits earned
Correct answer is C
The output approach measures national output called gross domestic products (GDP) in terms of the values added by each of the sectors of the economy.
Which of the following is a function of the central bank? ...
The central banks control credit in the economy through the use of ...
Air is essential to life but commands no price! Diamond is not essential to life but commands a h...
All of the following describes conditions necessary for existence of a perfect market EXCEPT ...
One major difference between monopoly and perfect competition is that ...
The type of business organizations mostly used for producing public goods in Nigeria is ...
Production in Economics can be defined as the ...
Which of the following is a threat to the existence of middlemen? ...
Liquidation of limited liability company implies that the ...