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Economics miscellaneous

  1. Which one of the following is not a method of estimating National Income ?
    1. Expenditure method
    2. Product method
    3. Matrix method
    4. Income method
Correct Option: C

The matrix method is a structural analysis method used as a fundamental principle in many applications in civil engineering. The method is carried out, using either a stiffness matrix or a flexibility matrix. Primarily there are three methods of measuring national income. The methods are product method, income method and expenditure method.



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