Question : _____________________ is the expenditure incurred by the central government on various administrative services.
Option 1: Private final consumption expenditure.
Option 2: Government final consumption expenditure.
Option 3: Gross domestic capital formation.
Option 4: Net exports
Answer (1)
20th Jan, 2024
Correct Answer:
Government final consumption expenditure.
Solution :
Government final consumption expenditure is the expenditure incurred by the central government on various administrative services. It is equal to the cost of goods and services produced by the collective used by the public.
Hence, Option B is correct.
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