Expenditure Method focuses on measurement of National Income at:
Expenditure Method focuses on measurement of National Income at:
(a) Phase of production of goods and services
(b) Phase of Income Distribution
(c) Phase of Income Disposition
(d) All of the above
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Ans – (c)
Explanation:-
Income earned by a factor of production is entirely expended on purchasing the goods and services produced by the firm. This is the phase where income earned is disposed of.
The expenditure is also called the Income Disposition Method.
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