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
Correct Answer: Private final consumption expenditure.
Solution :
Question : Change in stock is zero when
Question : _____________________ is the expenditure incurred by the central government on various administrative services.
Question : _____________________ is equal to the cost of goods and services produced by the collective used by the public.
Question : ____________ refers to the total expenditure incurred by all private firms on capital goods.
Question : ____________ refers to the total expenditure incurred by government on consumer goods and capital goods to satisfy the common needs of the economy.
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