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
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Correct Option: A
The income approach to calculating national income involves summing all the incomes earned by the factors of production (wages, salaries, rent, interest, and profits) within a country during a specific period.
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