The three methods of measuring national income are

the value added, income and expenditure methodsCorrect answerYour answerthe product, price and quantity methodsCorrect answerYour answerthe saving, investment and consumption methodsCorrect answerYour answerthe tax, subsidy and transfer methodsCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Output can be measured where it is produced (value added), where it is paid out (income), or where it is spent (expenditure).

Concept: Three methods
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsWhy the three methods agree

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The three methods of measuring national income are

Explanation