Select the correct statements in the context of measuring national income by product method.

A. It calculates the aggregate annual value of goods and services produced in the country.

B. The value added is a stock variable.

C. The value added of a firm is distributed among its factors of production.

D. The value added of a firm is the value of production of the firm minus the value of intermediate goods used by the firm.

Choose the correct answer from the options given below:

Payments which are made without any counterpart of services received by the payer are known as.

Calculate operating surplus from the following.

Choose the correct option.

Which of the following options related to the aggregates of national income is correct?

The basis of the difference in income and product method of National Income Accounting is best deciphered by which of the following?

1. Product method measures the aggregate value of final goods and services produced by all the firms.
2. Income method measures the sum total of consumption expenditure.
3. Product method refers to the final consumption expenditure on the goods and services produced by the firm.
4. Income method refers to the fixed cost of the goods and services produced by the firm.

To 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:

What is required to be subtracted from personal income in order to obtain personal disposable income?