The method obtained by adding all the reward of factors of production in national income is________

  • A income approach
  • B expenditure approach
  • C value added method
  • D output approach
jamb 2019english-language

The correct answer is A. income approach

The reward of factors of production are: Rent, Interest, wages & salaries and profit. In national income adding the reward i.e R + I + W + P is used in calculating the income approach.

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