Teaching MPPSC Assistant Professor Mock Test Series 2025 General Knowledge Economy National Income Accounting
Which of the statements given below is/are not correct with regard to measuring National Income:
1
In the product method, net value added by each component in production is emphasised.
2
As per the Consumption method, National income is the summation of total consumption and savings.
3
Retirement pension is not included in the National Income.
4
Sale and Purchase of old items are included while measuring the National income.