What is the product method for estimating national income? – InterviewSolution

InterviewSolution

1.	What is the product method for estimating national income?
Answer» Under the product method, the national income is calculated by adding up the money value of goods and services produced by the primary, secondary and tertiary sectors. It is useful for assessing the contribution of each of these sectors towards the national income. It is also used to analyze which sector contributes the most to national income.

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