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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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