Multiple choice

According to Simon Kuznets, the following methods are employed to calculate the national income: (a) Product method
(b) Income method (c) Expenditure method (d) Consumption method

Which of the above is superfluous?

  1. Only (a)

  2. Only (b)

  3. Only (c)

  4. Both (c) and (d)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Expenditure method is another name for Consumption method.

Keep practicing — related questions