parameters revenue expenditure capital expenditure meaning revenue expenditure refers to the expenditure that neither creates assets nor reduces the liability of the government. capital expenditure refers to the expenditure that either creates an asset or reduces the liability of the government. nature they...
The expenditure method of calculating national income or gross domestic product takes into account the final goods and services produced in a country during a period of time. The formula for calculating national expenditure is: National income = C + I + G + (X−M) ...