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Arpita Prakash

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Midhun P

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Tku sir

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INCOME METHOD Sum of final expenditures in the economy must be equal to incomes received by all factors of production taken together W Wages and Salaries received by household in a particular year P Gross profits In Interest payments . RRents GDP W+P+In+R

For all the three methods: GDP= GVA( total) = C+I+G-X = w+P+In+R X- M In GDP Expenditure Method Income Method Product Method Fig. 2.2: Diagramtic Representation ofGDP by the Three Methods