Showing posts with label INTRODUCTION TO MACRO ECONOMICS FOR PLUS TWO. Show all posts
Showing posts with label INTRODUCTION TO MACRO ECONOMICS FOR PLUS TWO. Show all posts

Thursday, October 3, 2019

#EXPENDITURE METHOD OF CALCULATING #NATIONAL INCOME


    EXPENDITURE METHOD
    ( MEASUREMENT OF NATIONAL INCOME)
    DR SHASHI AGAGRWAL
    MEANING
1.       METHOD WHICH MEASURE THE FINAL EXPENDITURE ON GROSS DOMESTIC PRODUCT AT MARKET PRICE DURING AN ACCOUNTING YEAR. ALSO CALLED INCOME DISPOSAL METHOD OR CONSUMPTION INVESTMENT METHODS.
2.       ACCORDING TO THIS METHOD,NATIONAL INCOME IS ESTIMATED IN TERMS OF EXPENDITURE ON THE PURCHASE OF FINAL GOODS AND SERVICES PRODUCED IN THE ECONOMY DURING AN ACCOUNTING YEAR