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 includedOp ...

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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.

Team Careers360 23rd Jan, 2024

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Answer (1)

Team Careers360 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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