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What is product or value added method? - Economics

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Question

What is product or value added method?

Very Short Answer
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Solution

The term “product method” refers to a technique that calculates the contribution of each productive business operating within a nation's borders during an accounting year to determine the nation's national income.

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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. 2. | Page 33.18
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