Question : ____________ refers to the total expenditure incurred by government on consumer goods and capital goods to satisfy the common needs of the economy.
Option 1: Private final consumption expenditure.
Option 2: Government final consumption expenditure.
Option 3: Investment expenditure.
Option 4: Net exports
Answer (1)
26th Jan, 2024
Correct Answer:
Government final consumption expenditure.
Solution :
Government final consumption expenditure refers to the total expenditure incurred by government on consumer goods and capital goods to satisfy the common needs of the economy.
Hence, Option B is correct.
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