In which of the following method the flow is measured as the sum total of all factor payments? Option 1: Product Method. Option 2: Expenditure Method. Option 3: Income Method. Option 4: First in First out Method.

The answer is 'Income Method.'. View full solution:

CUET Economics - In which of the following method the flow is measured as the sum total of all factor payments? | PYQs + Solutions

CUET Economics 2025 22 May Shift 2

Macro

Easy

Product Method.

Expenditure Method.

Income Method.

First in First out Method.

✅ Correct Option: 3

Related questions:

2 June Shift 1

Arrange the following steps in the calculation of national income, by income method in correct sequence:

(A) Add Net Factor from Abroad to arrive at National Income.

(B) Estimate the factor income estimated by each sector.

(D) Calculate domestic factor income.

Choose the correct answer from the options given below:

30 May Shift 2

Consider the following statement related to Aggregate Income

(A) Aggregate revenue received by the firms is paid out to the factors of production it is considered as aggregate income.

(B) Aggregate Income can be calculated by calculating the aggregate value of goods and services produced by the firms.

(C) Income is being spent on the goods and services produced by the firms. It takes the form of aggregate expenditure received by firms.

(D) Aggregate Income can not only be calculated through aggregate expenditure. There are other methods that exist.

Which of the following combination of statements best explains the concept of Aggregate Income?

29 May Shift 2

It may be incorrect to treat GDP as an index of the welfare of the country for the following reasons.

(A) Externalities.

(B) Distribution of GDP is not uniform.

(D) Non-monetary exchanges.

Choose the correct answer from the options given below: