Question : _____________________ is equal to the cost of goods and services produced by the collective used by the public.
Option 1: Government final consumption expenditure.
Option 2: Private final consumption expenditure.
Option 3: Gross domestic capital formation.
Option 4: Net exports.
Answer (1)
24th Jan, 2024
Correct Answer: Government final consumption expenditure.
Solution :
Government final consumption expenditure is equal to the cost of goods and services produced by the collective used by the public.
Hence, Option A is correct.
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