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
Expenditure Approach and Income Approach.
more accurate
more accurate
ministry of Finance
expenditure approach and income approach & VALUE ADDED METHOD
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 Product MethodThe Income Method or theThe Expenditure Method
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. Glad i could help! :)
Credit is neither an income or an expenditure. It becomes an expenditure when you use it. expenditure