Read GDP = Nominal GDP/? × 100.
Real GDP = Nominal GDP/Price index × 100
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____ refers to sum total of income from property and income from entrepreneurship.
Operating Surplus refers to sum total of income from property and income from entrepreneurship. Explanation:- Operating Surplus is the sum total of income from property and income from entrepreneurship. Income from Property are: Rent Royalty Interest Income from entrepreneurship are:…
Income method is also known as ___ Method or ___ Method.
The income method is also known as Distributive share Method or Factor Payment Method. Explanation:- The other name of income method are: Distributive share method Factor Payment method
Any reimbursement of business expenses incurred by employees is a part of ____ and not a part of compensation of employees.
Any reimbursement of business expenses incurred by employees is a part of intermediate consumption and not a part of compensation of employees. Explanation:- All expenses in business incurred in producing final goods and services are intermediate consumption. Thus business expenses…
____ refers to market value of all goods and services produced during a period of one year.
Value of Output refers to market value of all goods and services produced during a period of one year. Explanation:- Value of Output is the sum total of all goods and services produced during a period of one year.
Alternative name of Expenditure Method
According to this method, National income is measured as sum total of expenditure incurred on final goods and services produced by households, business firms, government and foreigners with in the economic territory during a given year. The alternative name of…
What is the other name of expenditure method
According to this method, National income is measured as sum total of expenditure incurred on final goods and services produced by households, business firms, government and foreigners with in the economic territory during a given year. Other name of Expenditure…
What is other name of Income Method?
According to Income method, all the incomes that accrue to the factors of production by way of wages, profits, rent, interest, etc. are summed up to obtain the national income. Alternative Name of Income Method: Distributed Share Method Factor Payment…
Alternative name of income method
According to Income method, all the incomes that accrue to the factors of production by way of wages, profits, rent, interest, etc. are summed up to obtain the national income. Alternative Name of Income Method: Distributed Share Method Factor Payment…
What is the other name of value added method?
Generally, Value-added refers to the measure of value addition in the raw material (non-factor units) by a production unit, through its production activities. Alternative Name of value added method are: