which economist has classified public expenditure on the basis of revenue.
a) GNP includes depreciation
b) Value added includes transfer payment
c) Personal income include undistributed profits
d) Disposable income includes personal taxes
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Answer:
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Explanation:
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Answer:
Adam Smith
Explanation:
Adam Smith has classified public expenditure on the basis of functions performed by the government. They are defence expenditure, commercial expenditure and development expenditure
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