Given below are the steps for calculation of National Income by value added method. Place them in the correct sequence. (A) Estimate Gross Domestic Product at market price (B) Calculate Net Domestic Product at factor cost (C) Estimation of value of output produced by each firm in all sectors of the economy during the year (D) Calculate Net National Product at factor cost Choose the correct answer from the options given below :

Question

Option 1: (C), (A), (B), (D)

Option 2: (A), (B), (C), (D)

Option 3: (B), (C), (D), (A)

Option 4: (D), (A), (C), (B)

AfterBoards · Accepted Answer

The answer is '(C), (A), (B), (D)'. View full solution:

CUET Economics PYQs

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