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What is income method? - Economics

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Question

What is income method?

Very Short Answer
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Solution

This method calculates national income by adding the income that regular citizens of a nation receive as compensation for their factor services over the course of a year.

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Chapter 33: Measurement of National Income - TEST QUESTIONS [Page 33.18]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 33 Measurement of National Income
TEST QUESTIONS | Q A. 1. | Page 33.18
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