Question : ___________________ includes expenditure incurred by house for final consumption expenditure and private non-profit institutions serving household final consumption expenditure.
Option 1: Private final consumption expenditure.
Option 2: Government final consumption expenditure
Option 3: Gross domestic capital formation.
Option 4: Net exports
Answer (1)
18th Jan, 2024
Correct Answer: Private final consumption expenditure.
Solution :
Private final consumption expenditure includes expenditure incurred by house for final consumption expenditure and private non-profit institutions serving household final consumption expenditure.
Hence, Option A is correct.
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