Investment method is not a method of measurement of National income. There are three methods of measurement: income method, product or value added method and the expenditure method. In the initial phase, production of goods and services takes place. During the course of production payment is made to all factors of production like wages to labour etc. Once the production completes the output is distributed for different uses like consumption etc.

Correct Option: D

Investment method is not a method of measurement of National income. There are three methods of measurement: income method, product or value added method and the expenditure method. In the initial phase, production of goods and services takes place. During the course of production payment is made to all factors of production like wages to labour etc. Once the production completes the output is distributed for different uses like consumption etc.

Depreciation is equal to GNP _ NNP (Gross national products-Net national products) Depreciation is also known as consumption of fixed capital. It is the wear and tear to the physical assets. It measures the amount of GNP that must be spent on new capital goods to maintain the existing physical capital stock.

Correct Option: A

Depreciation is equal to GNP _ NNP (Gross national products-Net national products) Depreciation is also known as consumption of fixed capital. It is the wear and tear to the physical assets. It measures the amount of GNP that must be spent on new capital goods to maintain the existing physical capital stock.

GDP is defined as the value of all final goods and services produced in an economy in a year. The total quantity of goods produced in an economy during year are multiplied by their current prices to get the GDP.

Correct Option: D

GDP is defined as the value of all final goods and services produced in an economy in a year. The total quantity of goods produced in an economy during year are multiplied by their current prices to get the GDP.

The important heads of developmental expenditure within the revenue account are (i) social and community services, (ii) economic services and (iii) grants-in-aid to states and union territories. The largest component in this group is economic services. Economic services include general economic services, agriculture and allied services, industry; and minerals, water and power development, transport and communication, railways, post and telegraphs etc.

Correct Option: A

The important heads of developmental expenditure within the revenue account are (i) social and community services, (ii) economic services and (iii) grants-in-aid to states and union territories. The largest component in this group is economic services. Economic services include general economic services, agriculture and allied services, industry; and minerals, water and power development, transport and communication, railways, post and telegraphs etc.

Per capita income is obtained by dividing national income by total population of the country per capita income, also known as income per person, is the mean income of the people in a country. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income ) and dividing it by the total population.

Correct Option: A

Per capita income is obtained by dividing national income by total population of the country per capita income, also known as income per person, is the mean income of the people in a country. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income ) and dividing it by the total population.