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Question
Complete the correlation.
Output method : Product method :: ______ : Factor cost method.
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Solution
Output method : Product method :: Income method : Factor cost method.
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RELATED QUESTIONS
State with reason, whether you agree or disagree with the following statement:
Under the output method, the value-added approach is used to avoid double counting.
State with reason whether you agree or disagree with the following statement:
Precautions are to be taken while using the product method of measuring national income.
Study the following table and answer the questions:
| Production Stage | Value of Input (₹) | Value added (₹) | Value of Output (₹) |
| Sugar cane (Farmer) | 0 | 25 | 25 |
| Sugar (Manufacturer) | `square` | 15 | 40 |
| Retailer | 40 | `square` | 50 |
| Total Value | `square` |
Questions:
- How much is the value of input for a manufacturer?
- How much value is added by the retailer?
- How much is the final value of the product?
- Which method of measuring national income is represented by the above table?
Which method is also called the product method or inventory method?
The output method is used to measure National Income by calculating the value of which items?
Under the Final Goods (Final Product) Approach, which value is counted?
Which formula expresses Value Added?
Which formula gives GDP by the Value Added Method?
Which statement correctly distinguishes Gross Value Added from Net Value Added?
Which expression correctly defines Gross Value Added of firm \[i\]?
In \[\mathrm{GVA}_{i}\equiv Q_{i}-Z_{i}\], what does \[Z_i\] represent?
In \[\mathrm{GVA}_{i}\equiv V_{i}+A_{i}-Z_{i}\], what does \[V_i\] represent?
In \[\mathrm{GVA}_{i}\equiv V_{i}+A_{i}-Z_{i}\], what does \[A_i\] represent?
What are inventories?
Which expression defines Change in Inventories?
What is a positive change in inventories called?
What is a negative change in inventories called?
Changes in inventories can be which of the following?
Which adjustment is required while using the output method in relation to taxes and subsidies?
Which factor must be accounted for to distinguish changes in value caused by prices?
How are exports and imports treated while using the output method?
Which item must be accounted for when moving from Gross Value Added toward Net Value Added?
Why are second-hand goods excluded from the output method?
Why are inventories included in GVA?
Which two approaches yield the same result for avoiding double counting?
