CUET Economics 2025 28 May Shift 1Macro > MediumProduct method measures the aggregate value of final goods and services produced by all the firms.Income method measures the sum total of consumption expenditure.Product method refers to the final consumption expenditure on the goods and services produced by the firm.Income method refers to the fixed cost of the goods and services produced by the firm.✅ Correct Option: 1Related questions:13 May Shift 1To measure consumer price index (CPI) which of the following years are taken into consideration? (A) Current Year. (B) Preceeding Year. (C) Base Year. (D) Succeeding Year. Choose the correct answer from the options given below:31 May Shift 1Addition to the stock of physical capital and changes in the inventory of a producer is known as: Asset Appreciation. Consumption. Stock. Investment. 28 May Shift 1Which government body is responsible for reporting GDP in India ? Department of Revenue Central Board of Direct Taxes Central Statistics Office Niti Ayog