Match List-I with List-II (National Income Accounting):
List - I (Methods of Measurement)
List - II (Descriptions)
A. Value Added Method
I. Adds up all income earned by factors of production in the economy
B. Expenditure Method
II. Calculates national income by adding up all expenditures in the economy
C. Income Method
III. Measures income from production of final goods and services by various sectors
D. Output Method
IV. Adds up all the value created at each stage of production of goods and services
| List - I (Methods of Measurement) | List - II (Descriptions) |
|---|---|
| A. Value Added Method | I. Adds up all income earned by factors of production in the economy |
| B. Expenditure Method | II. Calculates national income by adding up all expenditures in the economy |
| C. Income Method | III. Measures income from production of final goods and services by various sectors |
| D. Output Method | IV. Adds up all the value created at each stage of production of goods and services |
1
(A) - (IV), (B) - (II), (C) - (I), (D) - (III)
2
(A) - (III), (B) - (II), (C) - (IV), (D) - (I)
3
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
4
(A) - (IV), (B) - (III), (C) - (I), (D) - (II)