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प्रश्न
Giving reason explain how should the following be treated in estimating national income:
i. Expenditure on fertilizers by a farmer.
ii. Purchase of tractor by a farmer.
उत्तर
i. Expenditure on fertilisers by a farmer will not be included in the estimation of National Income because it is an intermediate consumption to improve crop productivity.
ii. Purchase of a tractor by a farmer will be included in the estimation of National Income because it is part of gross domestic capital formation.
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संबंधित प्रश्न
Explain national income determination through the two alternative approaches. Use Diagram.
In an economy, S = −100 + 0.6 Y is the saving function, where S is Saving and Y is National Income. If investment expenditure is 1,100, calculate:
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(ii) Consumption expenditure at equilibrium level of national income.
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Answer the following question:
State the precautions while using expenditure method to measure national income.
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Expenditure method of measuring national income.
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