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Which one of the following is not a method of measurement of National Income ?
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- Value Added Method
- Income Method
- Investment Method
- Expenditure Method
- Value Added Method
Correct Option: C
Primarily there are three methods of measuring national income. The methods are product method, income method and expenditure method. Product method is given by Dr. Alfred Marshall, income method by A.C. Pigou and expenditure method by Dr. Irving Fisher. The ‘Investment Method’ is used for trading properties where evidence of rates is slight, such as hotels, cinema, car park and etc.