Economics · National Income Accounting
Select the correct formula for calculating National Income using the expenditure approach.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Household consumption + Government expenditure + Investment + Import − Export
- 2Household consumption + Government expenditure + Investment − Import − Export
- 3Household consumption + Government expenditure − Investment + Export − Import
- 4Household consumption + Government expenditure + Investment + Export − Import✓
Correct answer
Household consumption + Government expenditure + Investment + Export − Import
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