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It is the total expenditure for all kinds within the economy that is public and private. The national expenditure =Consumption+Investment+government purchases.
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When the government expenditure is more than it's revenue than the national budget is said to have a?
deficit
What are the 3 approaches to national income accounting?
The 3 approaches to national income accounting are the output approach, the income approach and the expenditure approach.
What are the three approaches of national income?
There are three approaches through which national income can be calculated including; output approach, income approach and expenditure approach.
Formulas to calculate national income used in economics in India?
how to compute national income. Through; expenditure approach, income approach, and input and output approach. Now for the expenditure approach you add G+I+C+(X-M) Income approach; addition of the factors of production
How can national debt be elimined?
By balancing the budget. This can be done by increasing government income (raising taxes) and decreasing government expenditure.
What isgovernment expenditure?
Government Expenditure is Government Spending. Government expenditure is how money is used to achieve national goals.
The largest expenditure in the national budget is?
human resources.
The ratio of the change of the national income to the change in autonomous expenditure that brought it about- is known as?
the "Multiplier"
When the government expenditure is more than it's revenue than the national budget is said to have a?
deficit
What are the 3 approaches to national income accounting?
The 3 approaches to national income accounting are the output approach, the income approach and the expenditure approach.
What are the three approaches of national income?
There are three approaches through which national income can be calculated including; output approach, income approach and expenditure approach.
What formula do you use to calculate national income?
The Product MethodThe Income Method or theThe Expenditure Method
Formulas to calculate national income used in economics in India?
how to compute national income. Through; expenditure approach, income approach, and input and output approach. Now for the expenditure approach you add G+I+C+(X-M) Income approach; addition of the factors of production
Is credit income or expenditure?
Credit is neither an income or an expenditure. It becomes an expenditure when you use it. expenditure
What is the definition of Recurring Expenditure and Non Recurring Expenditure?
expenditure
How can national debt be elimined?
By balancing the budget. This can be done by increasing government income (raising taxes) and decreasing government expenditure.
What do you mean by revenue expenditure?
Expenditure for which benefit is expected to be taken in one fiscal year from occurance of expenditure is called 'Revenue Expenditure" Expenditure for which benefit is expected to be taken for morethan once year is called 'Capital Expenditure'
