ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Income method
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Expenditure method
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Output method
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Neo-classical equilibrium
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Detailed explanation-1: -The different methods of measuring National Income includes Income Method, Production (Value-Added) Method and Expenditure Method.
Detailed explanation-2: -Profit Method is not a method of measuring national income. Product Method, Income Method, Expenditure Method are methods of measuring national income. In product method, national income is measured as a flow of goods and services.
Detailed explanation-3: -Neoclassical theory suggests that the firm’s level of investment should depend only on its perceived investment opportunities measured by the firm’s marginal Tobin’s q, where marginal Tobin’s q is the value of the investment opportunity divided by the cost of the required investment.
Detailed explanation-4: -Detailed Solution. National income doesn’t include interest on the unproductive national debt. National income defines the value of goods and services produced by any country in the period of a financial year.