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The Output Approach To Measuring National Income Is Based On The Computation Of? - Erudites Academy

The output approach to measuring national income is based on the computation of?

by | Oct 24 | Economics JAMB | 0 comments

A. final output
B. factor cost
C. value-added
D. profits earned

Correct Answer:

Option C – value-added

Explanation

The output approach measures national output called gross domestic products (GDP) in terms of the values added by each of the sectors of the economy.

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