Question

: Which of the following statement is True?
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National Expenditure=National Income + Taxes
National Expenditure = National Income – Taxes
National Expenditure = National Income
National Expenditure = National + National
avings​

Answer 1

National Expenditure=National Income + Taxes

This statement is true.

Explanation:

• In the economy of a country, national expenditure is defined as the total spending output.
• National expenditure data keeps the record of public expenditure and government expenditure.
• This data can be reviewed anytime for public information.
• Public taxes and expenditures are also part of national expenditure.
• The purpose of keeping the track of national expenditure is to identify the weak and strong areas in the economy of a country.