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Hiral Jain

Stealth • 7m

Hey there, folks! Did you know that countries have not one but three methods to calculate their national income? And each method is unique in its way. The method used to calculate a country's GDP is the Product Method, also known as the Value-Added M

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Arcane

Stealth • 7m

Which method provides more accurate results for estimating the National Income of India?

Hiral Jain

Stealth • 7m

Well, For each sector I.e primary, tertiary, secondary or small-scale businesses etc, There are different Methods like For the primary sector, we use value added method and for small-scale businesses, we use the income method Therefore we use different methods but we hide our income to keep our money to ourselves Which makes India's national income less. I'll elaborate on it in my replies!

0 replies1 like

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