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The output approach to measuring national income is based on the computation of

The output approach to measuring national income is based on the computation of
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Final output
  • B Factor cost
  • C Value added
  • D Profits earned
Correct Answer: Option C
Explanation:
The output approach measures national output called gross domestic products (GDP) in terms of the values added by each of the sectors of the economy.Â

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