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Question Practice

Which is the correct order of methods to compute GDP according to the approaches discussed?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
National Income Accounting
Question Bank

Which is the correct order of ...

Single Answer MCQ
Q-00106691

Which is the correct order of methods to compute GDP according to the approaches discussed?

1

Income Method, Expenditure Method, Production Method

2

Expenditure Method, Production Method, Income Method

3

Production Method, Income Method, Expenditure Method

4

Expenditure Method, Income Method, Production Method

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Q1.

What does GDP stand for?

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Q2.

Which of the following is NOT included in GDP calculation using the expenditure method?

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Q3.

In the expenditure method, which component represents expenditures by households?

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Q4.

What is the formula for GDP using the expenditure method?

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