Home › CBSE Class 12 (Arts) › Economics › National Income Accounting › Summing all factor payments to estimate aggregat…
Summing all factor payments to estimate aggregate income is called which method?
AIncome method
BExpenditure method
CProduct method
DInventory method
Answer & Solution
Correct answer: A. Income method
Factor payments are the incomes earned in production, so adding them is the income method.
Related questions
Countries rich in natural resources areIf GDP rises but real incomes of 90% of people fall, GDP as a welfare index isAn Indian company's profit earned in Dubai affects which aggregate?A firm buys Rs 40 of raw material and sells output of Rs 90. Its value added isWhich part of national income does household consumption and saving come from?Corporate tax is deducted from national income because itA fine paid by a household is an example of aPersonal disposable income is personal income minus