Indicate whether each of the following below is either an Income approach,Expenditure approach or Output approach in the measurement of national income.
a)Expenditure on fuel
b)Government tax
c)Cost on finished goods
d)Salaries and wages


Answer:

a)Expenditure on fuel-Expenditure approach
b)Government tax-Income approach
c)Cost on finished goods-Output approach
d)Salaries and wages-Income approach


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