The method obtained by adding all the reward of... - JAMB Economics 2019 Question
The method obtained by adding all the reward of factors of production in national income is________
A
income approach
B
expenditure approach
C
value added method
D
output approach
correct option: a
Rent, Interest, wages & salaries and profit are the reward of factors of production. In national income adding the reward i.e R + I + W + P is used in calculating the income approach.
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