Explain the different methods used in calculating national income of India
Answers
Now while calculating national income using the expenditure approach, you need to also deduct depreciation on capital assets and indirect taxes. Using the expenditure approach, national income can be represented as follows:
National Income = C (household consumption) + G (government expenditure) + I (investment expense) + NX (net exports).
Again, you while determining income using the expenditure approach, you need to exclude expenditure on second-hand goods, purchase of shares and bonds, expenditure of transfer payments (unemployment benefits, pension), and purchase of intermediate products.
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Answer:
Ohmic loss refers to Joule heating loss when electricity encounters resistance in transmission line conductors. ... Since losses scale with the square of a wire's current, keeping voltage high (and current low) helps reduce losses.