Question : Which of the following are the precautions of calculating national income through expenditure method?
Option 1: Expenditure on intermediate goods will not be included.
Option 2: Transfer payments are not included.
Option 3: Purchase of secondhand goods will not be included
Option 4: All of the above.
Answer (1)
25th Jan, 2024
Correct Answer: All of the above.
Solution :
The precautions while calculating national income from expenditure method are-
-
Expenditure on intermediate goods will not be included
-
Transfer payments are not included
-
Purchase of secondhand goods will not be included
-
Purchase of financial assets will not be included expenditures on own account production will be included.
Hence, Option D is correct.
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