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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
Answer the following question.
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Which of the following is excluded from the Expenditure Method?
Why are purchases and sales of financial assets excluded?
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Which principle is the Expenditure Method based on?
