state gov TSPSC Group 3 (తెలంగాణ గ్రూప్ 3) 2023 Mock Test Series General Knowledge Economy National Income Accounting
Consider the following statements with respect to the Value Added Method of calculating national income :
1. It is also known as the Product method.
2. In this method we calculate the aggregate annual value of goods and services produced.
3. The value-added of a firm is equal to the value of production of the firm minus the value of intermediate goods used by the firm.
Which of the statements given above are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3