Question
List four items that are considered when measuring the national income of a country using the expenditure approach.
Answer
(i) Expenditure by households (private expenditure).
(ii) Expenditure on capital goods (investment).
(iii) Government expenditure.
(iv) Net income from abroad (Exports -Imports).
(v) Taxes
(vi) Subsidies
(vii) Depreciation.
(ii) Expenditure on capital goods (investment).
(iii) Government expenditure.
(iv) Net income from abroad (Exports -Imports).
(v) Taxes
(vi) Subsidies
(vii) Depreciation.
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