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Question

Which of the following is not included in expenditure method of calculating national income?


A
Net exports
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B
Private final consumption expenditure
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C
Government final consumption expenditure
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D
Expenditure on second hand goods
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Solution

The correct option is B Expenditure on second hand goods

Expenditure method: national income is measured as a flow of expenditure. Includes sum total of private consumption expenditure. Government consumption expenditure, gross capital formation (Government and private) and net exports (Export-Import).

It does not include expenditure on second hand goods.


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