Question
Which of the following methods is used to calculate
national income by summing up the total incomes earned by individuals and businesses in an economy?Solution
The method used to calculate national income by summing up the total incomes earned by individuals and businesses in an economy is called the Income Method .
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Income of A is twice the income of B. B and A spend 20% and 30% respectively of their incomes. Find the savings of A, if B saves Rs. 18550 in a month.
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