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Identify the expenditure to be included whi le calculating national income using the expenditure method.
A. Metro fare paid by a household.
B. Expenditure on shares by a household.
C. Expenditure on financial relief given by the government to flood victims.
D. Expenditure on subsidies given to farmers by the government.
E. Expenditure on ovens by a baker.
Choose the correct answer from the options given below:
A. Metro fare paid by a household.
B. Expenditure on shares by a household.
C. Expenditure on financial relief given by the government to flood victims.
D. Expenditure on subsidies given to farmers by the government.
E. Expenditure on ovens by a baker.
Choose the correct answer from the options given below:
- a)A, E only
- b)A, B only
- c)A, C, E only
- d)A, D, B only
Correct answer is option 'A'. Can you explain this answer?
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Identify the expenditure to be included whi le calculating national in...
Metro Fare by household is Private final consumption expenditure whereas purchase of oven by a baker is Investment Expenditure
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Identify the expenditure to be included whi le calculating national in...
Expenditure Method in Calculating National Income
The expenditure method is one of the three approaches used to calculate national income, along with the income method and the production method. It measures national income by summing up the total expenditure on goods and services produced within a country's borders during a specific period.
To calculate national income using the expenditure method, various types of expenditures need to be included. Let's analyze each option provided in the question and determine whether it should be included or not:
A. Metro fare paid by a household:
This expenditure should be included in the calculation of national income because it represents the payment made by households for transportation services provided by the metro system.
B. Expenditure on shares by a household:
This expenditure should not be included in the calculation of national income using the expenditure method. Buying shares represents a transfer of ownership and does not directly contribute to the production of goods and services within the country.
C. Expenditure on financial relief given by the government to flood victims:
This expenditure should be included in the calculation of national income because it represents government spending on relief measures. It directly contributes to the economy by providing financial support to flood victims.
D. Expenditure on subsidies given to farmers by the government:
This expenditure should be included in the calculation of national income because it represents government spending on subsidies, which directly supports the agricultural sector and contributes to the production of goods.
E. Expenditure on ovens by a baker:
This expenditure should be included in the calculation of national income because it represents the investment made by a baker in purchasing ovens. This investment contributes to the production of goods and services within the country.
Based on the analysis of each option, the correct answer is option 'A' - A, E only. Metro fare paid by a household and expenditure on ovens by a baker should be included while calculating national income using the expenditure method.
The expenditure method is one of the three approaches used to calculate national income, along with the income method and the production method. It measures national income by summing up the total expenditure on goods and services produced within a country's borders during a specific period.
To calculate national income using the expenditure method, various types of expenditures need to be included. Let's analyze each option provided in the question and determine whether it should be included or not:
A. Metro fare paid by a household:
This expenditure should be included in the calculation of national income because it represents the payment made by households for transportation services provided by the metro system.
B. Expenditure on shares by a household:
This expenditure should not be included in the calculation of national income using the expenditure method. Buying shares represents a transfer of ownership and does not directly contribute to the production of goods and services within the country.
C. Expenditure on financial relief given by the government to flood victims:
This expenditure should be included in the calculation of national income because it represents government spending on relief measures. It directly contributes to the economy by providing financial support to flood victims.
D. Expenditure on subsidies given to farmers by the government:
This expenditure should be included in the calculation of national income because it represents government spending on subsidies, which directly supports the agricultural sector and contributes to the production of goods.
E. Expenditure on ovens by a baker:
This expenditure should be included in the calculation of national income because it represents the investment made by a baker in purchasing ovens. This investment contributes to the production of goods and services within the country.
Based on the analysis of each option, the correct answer is option 'A' - A, E only. Metro fare paid by a household and expenditure on ovens by a baker should be included while calculating national income using the expenditure method.
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Identify the expenditure to be included whi le calculating national income using the expenditure method.A. Metro fare paid by a household.B. Expenditure on shares by a household.C. Expenditure on financial relief given by the government to flood victims.D. Expenditure on subsidies given to farmers by the government.E. Expenditure on ovens by a baker.Choose the correct answer from the options given below:a)A, E onlyb)A, B onlyc)A, C, E onlyd)A, D, B onlyCorrect answer is option 'A'. Can you explain this answer?
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Identify the expenditure to be included whi le calculating national income using the expenditure method.A. Metro fare paid by a household.B. Expenditure on shares by a household.C. Expenditure on financial relief given by the government to flood victims.D. Expenditure on subsidies given to farmers by the government.E. Expenditure on ovens by a baker.Choose the correct answer from the options given below:a)A, E onlyb)A, B onlyc)A, C, E onlyd)A, D, B onlyCorrect answer is option 'A'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Identify the expenditure to be included whi le calculating national income using the expenditure method.A. Metro fare paid by a household.B. Expenditure on shares by a household.C. Expenditure on financial relief given by the government to flood victims.D. Expenditure on subsidies given to farmers by the government.E. Expenditure on ovens by a baker.Choose the correct answer from the options given below:a)A, E onlyb)A, B onlyc)A, C, E onlyd)A, D, B onlyCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify the expenditure to be included whi le calculating national income using the expenditure method.A. Metro fare paid by a household.B. Expenditure on shares by a household.C. Expenditure on financial relief given by the government to flood victims.D. Expenditure on subsidies given to farmers by the government.E. Expenditure on ovens by a baker.Choose the correct answer from the options given below:a)A, E onlyb)A, B onlyc)A, C, E onlyd)A, D, B onlyCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Identify the expenditure to be included whi le calculating national income using the expenditure method.A. Metro fare paid by a household.B. Expenditure on shares by a household.C. Expenditure on financial relief given by the government to flood victims.D. Expenditure on subsidies given to farmers by the government.E. Expenditure on ovens by a baker.Choose the correct answer from the options given below:a)A, E onlyb)A, B onlyc)A, C, E onlyd)A, D, B onlyCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts.
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