Complete the following table related to the three methods of estimating national income.
Product Method
Income Method
Expenditure MMethod
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Complete the following table related to the three methods of estimating national income.
Product Method
Income Method
Expenditure MMethod
who give the answer fast iwill put that answer as brainliest ans
brainliest ans
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Answer:
-product method:-this method is also known as output or inventory method.this method calculate national income by adding value to the product at every stage of production.
-income method:-it is calculating by adding up the wages,interest earned on capital profit earned and income generated by the self employed people in an economy.
-expenditure method:-expenditure method excludes the expenditure that are done on the purchase of shares,bonds and second hand goods.