Question

which of the following is not included in the estimation of national income by income method?​

Answer 1

Answer:

The national income of a country can be measured by three alternative methods:

(i) Product Method

(ii) Income Method

(iii) Expenditure Method.

national income is measured as a flow of expenditure. Includes sum total of private consumption expenditure. Government consumption expenditure, gross capital formation (Government and private) and net exports (Export-Import). It does not include expenditure on second hand goods

Explanation:

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