The method obtained by adding all the reward of factors o...
The method obtained by adding all the reward of factors of production in national income is_______
Income approach
Expenditure approach
Value added method
Output approach
Correct answer is A
The reward of factors of production are: Rent, Interest, wages & salaries and profit. In national income adding the reward i.e R + I + W + P is used in calculating the income approach.
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