The importance of expenditure apporach is that it results in the fact of expanding your generitsily factors of your financial spending. It also has many other benefits, please talk to your accountant for more info.
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The 3 approaches to national income accounting are the output approach, the income approach and the expenditure approach.
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
There are three approaches through which national income can be calculated including; output approach, income approach and expenditure approach.
It is the total expenditure for all kinds within the economy that is public and private. The national expenditure =Consumption+Investment+government purchases.
GDP = Consumer Spending + Govt Spending + Investment Spending + Net Exports ( Exports-Imports)Add the Income by the nationals fromforeigncompanies to GDPYou get the GNP - GROSS NATIONAL PRODUCT
The 3 approaches to national income accounting are the output approach, the income approach and the expenditure approach.
There are three approaches through which national income can be calculated including; output approach, income approach and expenditure approach.
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
It is the total expenditure for all kinds within the economy that is public and private. The national expenditure =Consumption+Investment+government purchases.
Government Expenditure is Government Spending. Government expenditure is how money is used to achieve national goals.
GDP = Consumer Spending + Govt Spending + Investment Spending + Net Exports ( Exports-Imports)Add the Income by the nationals fromforeigncompanies to GDPYou get the GNP - GROSS NATIONAL PRODUCT
human resources.
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
importance of national income.
1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting
1. it help to know economic problem of under developed country 2. it help to measure inflationary 3. national income accounting throw the light on distribution income in economy 4. it help to measure the welfare of the citizens or country by EMMANUEL GASPER MZUMBE UNIVERSITY