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UI Post-UTME Economics 2023 (Model questions) Question 24

Question 24

National Income

Which of the following is NOT a measure of national income?

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

Answer: D (index approach)

Explanation

National income is measured by the income, expenditure and output methods; there is no index approach.