passwella.
Menu

JAMB Economics 1997 Question 42

Question 42

National Income

The total money values of all goods and services produced in a country during a certain period is measured by using the

  1. A.income method
  2. B.expenditure method
  3. C.output method
  4. D.factor method.
Show the answer and explanation

Answer: C (output method)

Explanation

The output (product) method adds up the money value of all goods and services produced in the period.