Question : Which of the following does not include in the national income?
Option 1: Retained earnings
Option 2: Government final consumption expenditure
Option 3: Interest on the national debt
Option 4: Payments a household makes to a business in exchange for goods and services
Correct Answer: Interest on the national debt
Solution :
Question : ____________ refers to the total expenditure incurred by households on purchase of goods and services during an accounting year.
Question : Which of the following is an example of an autonomous expenditure?
Question : ____________ refers to the total expenditure incurred by government on consumer goods and capital goods to satisfy the common needs of the economy.
Question : ____________ refers to the total expenditure incurred by all private firms on capital goods.
Question : _____________________ is the expenditure incurred by the central government on various administrative services.
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