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Class 12 · Economics · Easy

In the expenditure method, payment of a doctor’s fee by a household will be added under which item?

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Class 12 · Economics · Medium

If only the purchase of new machines is included in GCF and change in stocks is left out, what problem will occur?

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Class 12 · Economics · Hard

Which adjustment is necessary in GDP at market price (GDPMP) to obtain national income by the expenditure method?

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Class 12 · Economics · Easy

Which of the following is an example of final expenditure in the expenditure method?

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Class 12 · Economics · Medium

To convert GDP at market price (GDPMP) obtained by the expenditure method into NDP at factor cost (NDPFC), what is done?

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Class 12 · Economics · Medium

In the expenditure method, government spending on maintenance of a public park will come under which item?

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Class 12 · Economics · Medium

In the expenditure method, salary paid to a domestic servant is not recorded as which item?

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Class 12 · Economics · Medium

If a firm keeps unsold goods in stock, how are they treated in the expenditure method?

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Class 12 · Economics · Medium

How is final expenditure identified in the expenditure method?

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Class 12 · Economics · Medium

What is the correct reason for subtracting imports in the expenditure method?

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Class 12 · Economics · Medium

Under the expenditure method, which item is included as investment expenditure while calculating GDP at market price (GDPₘₚ)?

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Class 12 · Economics · Easy

What is the correct meaning of NX in the expenditure method?

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Class 12 · Economics · Medium

Why are purchases of shares and bonds not included in the expenditure method?

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Class 12 · Economics · Medium

Under the expenditure method, purchase of a new house by the household sector is included in which item?

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Class 12 · Economics · Medium

Why is the resale value of an old car not added to national income?

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Class 12 · Economics · Medium

If exports are greater than imports, what will be the effect of net exports on GDP?

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Class 12 · Economics · Easy

What is the main basis for calculating national income by the expenditure method?

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Class 12 · Economics · Easy

What is the simplest idea behind the expenditure method?

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Class 12 · Economics · Easy

If imports are greater than exports, what will be the value of (X − M)?

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Class 12 · Economics · Medium

What is the most important common precaution when estimating national income by the expenditure method?

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