Practice The Expenditure Method - 2.2 | Chapter 6: National Income | ICSE Class 12 Economics
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Knowledge

2.2 - The Expenditure Method

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does the Expenditure Method calculate?

💡 Hint: Think about what kind of spending is counted.

Question 2

Easy

List the four components of the Expenditure Method.

💡 Hint: Recall the parts we discussed in class.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the primary focus of the Expenditure Method?

  • A. Income generated
  • B. Total expenditures
  • C. Total production

💡 Hint: Think about what method we are discussing.

Question 2

True or False: Government expenditure is included in the Expenditure Method.

  • True
  • False

💡 Hint: Recall if government spending counts as expenditure.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A country has $8000 in consumption, $2000 in investment, $1500 in government spending, and $1000 in imports with $3000 in exports. Calculate the National Income and explain what the result indicates about the economy.

💡 Hint: Focus on the formula and ensure to track exports minus imports correctly.

Question 2

If government spending increases by 20% while all other components remain constant, calculate how this affects the National Income. Discuss the potential economic implications.

💡 Hint: Consider the impact of the government as a direct contributor to the economy.

Challenge and get performance evaluation