Economics · National Income

Consider the following statements with reference to the expenditure method of estimating national income: Statement-I: In practical national income accounting, the expenditure method is more frequently applied because it provides a comprehensive measure of aggregate demand in an economy. Statement-II: The expenditure method relies largely on market-based transactions and published macroeconomic aggregates, making the required data relatively easier to compile compared to other methods. Which one of the following is correct with respect to the above statements?