Economy, asked by Skchourasia5217, 10 months ago

How is intermediate consumption of general government treated while estimating national income?

Answers

Answered by ashis1982

Answer:

(i) It is treated as intermediate expenditure and so deducted from the value of output for arriving at national income. (ii) It is treated as fresh expenditure on investment capital formation and therefore included in the estimation of national income.

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