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प्रश्न
State and discuss any two precautions to be considered while estimating national income by Expenditure Method.
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उत्तर
- Expenditure on second hand goods is not to be included in the final consumption expenditure as the production of these goods might not be attributed to the current year.
- Expenditure on ‘intermediate goods’ are not to be taken into account, to avoid the problem of double counting of value of goods and services.
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संबंधित प्रश्न
Government insure expenditure to popularize yoga among the masses. Analyses its impact on gross domestic product and welfare of the people.
From the data given below about an economy, calculate (a) investment expenditure and (b) consumption expenditure.
|
(i) |
Equilibrium level of income |
5,000 |
|
(ii) |
Autonomous consumption |
500 |
|
(iii) |
Marginal propensity to consume |
0.4 |
Identify the correctly matched pair in Column A and Column B from the following:
| Column A | Column B | ||
| (1) | India should create more employment opportunities | (a) | Normative Economics |
| (2) | Unemployment | (b) | Microeconomics |
| (3) | Price behavior | (c) | Macroeconomics |
| (4) | Government-provided healthcare increases public expenditure. | (d) | Normative Economics |
The Expenditure Method is also known as which of the following?
Which expression represents Net Exports?
Which formula gives National Income at Factor Cost?
Depreciation is also called:
Which expression correctly defines Net Indirect Taxes?
What does NFIA stand for?
Government investment expenditure includes infrastructure such as:
What is the first step in using the Expenditure Method?
What is added to \(NDP_{FC}\) to obtain National Income \((NNP_{FC})\)?
Why are purchases and sales of financial assets excluded?
Which adjustment is required for Net Indirect Taxes?
What difficulty may arise when classifying government expenditure?
The Expenditure Method measures national income from which side of the economy?
Which principle is the Expenditure Method based on?
