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    Which of the following is NOT a method of measuring national income?
    Question

    Which of the following is NOT a method of measuring national income?

    A.

    Intermediate goods method

    B.

    Expenditure method

    C.

    Income method

    D.

    Product method

    Correct option is A

    Intermediate goods method
    · Intermediate goods, producer goods or semi-finished products are goods, such as partly finished goods, used as inputs in the production of other goods including final goods.
    · A firm may make and then use intermediate goods, or make and then sell, or buy then use them.
    · Intermediate goods are those goods which are used in the production of final goods. Some examples of intermediate goods are wheat, soil, crude oil, steel, sugar etc.

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