Answer to Question #76985 in Macroeconomics for Fred
1. Value Added Method
2. Income Method
3. Expenditure Method.
Since factor incomes arise from the production of goods and services, and since incomes are spent on goods and services produced, three alternative methods of measuring national income are possible.
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!