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Measuring National Income · Question 66 of 69

Question 66

MediumOriginal question

Which method of measuring national income would count the wages of a farm labourer?

Options for question 66

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. Wages are a factor income, added directly under the income method.

  2. The other methods include the labourer's work inside the value of the crop.

Concept
Factor incomes in the income method
Typical time
70 s
Your time
—
The rule this testsWhy the three methods agree
Practise this chapter →

Ten questions from Measuring National Income, at your own pace.

Practise this chapter →

Ten questions from Measuring National Income, at your own pace.