Complete the correlation : Output method : ______ : : Income method : Factor cost method
Q.1 (B) (iv) Complete the correlation : Output method : ______ : : Income method : Factor cost method
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Answer: Product method (Value added method)
National income can be measured by the output method, also called the product method or value added method; the income method is also called the factor cost method (factor income method).
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· 28 Oct 2026
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