Methods of Measuring National Income

In preparing the national income estimate it is necessary to add the values of all final goods and services produced and exchanged during a year. Thus what ever is produced is either used for consumption or saving. There are three methods of estimating national income. They are: 

  • The census of products method 
  • The census of income method 
  • The expenditure method 

Note: This is published for the internal use (of St. Philomena's College students) only and hence requires verification. 
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