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Which of the following is not a method of estimating national income?
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- Expenditure method
- Output method
- Matrix method
- Income method
- Expenditure method
Correct Option: C
The national income of a country can be measured by three alternative methods: (i) Product Method (ii) Income Method, and (iii) Expenditure Method. l Product Method: In this method, national income is measured as a flow of goods and services; l Income Method: Under this method, national income is measured as a flow of factor incomes; l Expenditure Method: In this method, national income is measured as a flow of expenditure.
