n NISM Certifications
XV NISM Series XV
Medium

National income of an economy can be measured using which of the following methods?

Practice question from NISM XV Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Income Method

  2. B

    Product Method

  3. C

    Expenditure Method

  4. All of the above

    Correct answer

Why this is the answer

National income can be measured via: Product Method: total value added at each production stage Income Method: sum of all factor incomes (wages, rents, interests, profits) Expenditure Method: total expenditures on final goods/services

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