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Unformatted text preview: Therefore in order to strike a balance between the two methods either we have to deduct (D + IT) from the expenditure side or add it to the income side. We have then : Expenditure A/c Income A/c Consumption C Investment I Government Expenditure G Foreign Trade (X- M) Minus [ Depreciation D Indirect Taxes + IT ] Wages W Rent R Profits P Interest i OR Expenditure A/c Income A/c Consumption Investment Government Expenditure Foreign Trade C I G (X-M) Wages Rent Interest Plus [ Depreciation Indirect Taxes W R I D +IT ]...
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- Fall '10
- National Income