Classification of Producing Enterprises by Sectors
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Questions and Answers

What is the main advantage of calculating total output in several different ways?

To arrive at a more accurate measure than would be possible with one method alone.

Which method may be most suitable for developed economies where people properly file their income tax returns?

Income method

What proportion of national income is being estimated by the expenditure method due to growing facility in its use?

Increasing proportion

In which sector is net value added estimated by the production method?

<p>Agricultural sector</p> Signup and view all the answers

Which sector estimates net value added using the income method?

<p>Small scale sector</p> Signup and view all the answers

How is net value added estimated in the construction sector?

<p>Expenditure method</p> Signup and view all the answers

Why are countries like India unable to estimate their national income wholly by one method?

<p>Due to different insights into the structure of the economy provided by different measurement methods.</p> Signup and view all the answers

What does the commodity flow method of estimating expenditures help with?

<p>Estimating an increasing proportion of national income.</p> Signup and view all the answers

What is the significance of estimating national income through multiple methods?

<p>Provides different insights into the structure of the economy.</p> Signup and view all the answers

How can resolving differences in total output calculation methods benefit the accuracy of the measure?

<p>By arriving at a more accurate measure than using one method alone.</p> Signup and view all the answers

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