Correct Answer: Personal savings of government employees

Solution : The correct answer is (d) Personal savings of government employees.

Government expenditure in the calculation of national income refers to the spending by the government on goods, services, and transfers. It represents the portion of the government's budget that is used to fund various activities and programs.

Personal savings of government employees is not a part of government expenditure. Personal savings refer to the portion of income that individuals set aside for future use or investment. It is a private financial decision made by individuals and does not directly contribute to government expenditure.