Question : ____________ refers to the total expenditure incurred by households on purchase of goods and services during an accounting year.
Option 1: Private final consumption expenditure.
Option 2: Government final consumption expenditure.
Option 3: Investment expenditure.
Option 4: Net exports
Answer (1)
19th Jan, 2024
Correct Answer:
Private final consumption expenditure.
Solution :
Private final consumption expenditure refers to the total expenditure incurred by households on purchase of goods and services during an accounting year.
Hence, Option A is correct.
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