n NISM Certifications
XV NISM Series XV
Medium

Which method measures national income as the total income earned by individuals in the economy?

Practice question from NISM XV Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Income Method

    Correct answer

  2. B

    Product Method

  3. C

    Expenditure Method

  4. D

    None of the above

Why this is the answer

The Income Method sums wages, rent, interest, and profits earned by factors of production.

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