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Question : Which of these is not the correctly stated component of the expenditure method of measuring national income?

Option 1: Final investment expenditure by firms

Option 2: Final government expenditure

Option 3: Export plus import expenditure

Option 4: Final consumption expenditure by households


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Export plus import expenditure


Solution : The correct option is Export plus import expenditure.

National income refers to the total income earned by the residents of a country within a specific period, typically a year. It is a crucial economic statistic that shows how well a country is doing economically overall.

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