Mention the expenditure method (or) out-lay method.

1.	Mention the expenditure method (or) out-lay method.
Answer» The Expenditure Method (Outlay method): The total expenditure incurred by the society in a particular year is added together. To calculate the expenditure of a society, it includes personal consumption expenditure, net domestic investment, government expenditure on consumption as well as capital goods and net exports. Symbolically, GNP = C + I + G + (X – M) C – Private consumption expenditure I – Private Investment Expenditure G – Government expenditure X – M = Net exports

Answer»

The Expenditure Method (Outlay method): The total expenditure incurred by the society in a particular year is added together. To calculate the expenditure of a society, it includes personal consumption expenditure, net domestic investment, government expenditure on consumption as well as capital goods and net exports.

Symbolically,

GNP = C + I + G + (X – M)

C – Private consumption expenditure

I – Private Investment Expenditure

G – Government expenditure

X – M = Net exports

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Mention the expenditure method (or) out-lay method.

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