Using Expenditure Approach to estimate National Income; Y is equal to?

A. C + l + G + X – M + P – V
B. C + l + G + X – M + P
C. C + l + G – X + P
D. C – 1 + G + X – M + P
E. C + l – G + X – M – P

Correct Answer:

Option D – C – 1 + G + X – M + P