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How does the net product method measure national income? - Economics

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Question

How does the net product method measure national income?

Very Short Answer
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Solution

The net product method calculates national income by summing up the net value added by all production units within the economy over the course of a year.

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Chapter 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [Page 494]

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Frank Economics [English] Class 12 ISC
Chapter 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 289. | Page 494
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