With respect to the Value Added Method of national income accounting, consider the following statements :

1. With the help of this method national income is estimated at the production level.

2. In this method all the producing enterprises in an economy are broadly classified into three industrial sectors.

3. The gross value of output is calculated by multiplying the total volume of goods produced with their prices.

Which of the statements given above are correct?

1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
More than one of the above
5
None of the above

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