National income from expenditure approach is calculated as follows: NI = C + I + G + (X-M) State the meaning of the following: (i) C (ii) I: (iii)...

      

National income from expenditure approach is calculated as follows:
NI = C + I + G + (X-M)
State the meaning of the following:
(i) C
(ii) I:
(iii) G
(iv) X-M:

  

Answers


sharon
C – Expenditure on consumer goods.
I – Expenditure on capital goods / Investments
G – Government expenditure
X – M – Expenditure on exports less expenditure on imports or expenditure on net exports.
sharon kalunda answered the question on September 2, 2019 at 12:46


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