Question

what are the precautions to be taken while using expenditure method state any four

Answer 1

1. Expenditure on only final goods and services should be included in the national income estimation while intermediate consumption expenditure should not be included.
2. Expenditure on only final goods and services should be included in the national income estimation while intermediate consumption expenditure should not be included.Similarly, expenditure on the purchase of second hand goods should not be included in the national income estimation of the current accounting year.

Answer 2

Answer:

1.Expenditure on only final goods and services should be included in the national income estimation while intermediate consumption expenditure should not be included.

2.Similarly, expenditure on the purchase of second hand goods should not be included in the national income estimation of the current accounting year.