Is Government expenditure on street lighting included/excluded in National Income?
Is Government expenditure on street lighting included/excluded in National Income?
Anurag Pathak Changed status to publish December 8, 2023
Yes,
Government expenditure on street lighting will be included in the national income as it is a part of the government final consumption expenditure.
Explanation:-
The government spends generally for the welfare of the society. It includes maintaining law and order, security and providing free services to the common people.
It comes under the government’s final consumption expenditure.
Government final consumption expenditure is included in national income through the expenditure method.
Anurag Pathak Changed status to publish December 8, 2023
