Question : ____________ refers to the total expenditure incurred by all private firms on capital goods.
 

Option 1: Private final consumption expenditure.
 

Option 2: Government final consumption expenditure.
 

Option 3: Investment expenditure.
 

Option 4: Net exports
 

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
 

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

Question : In an open economy, aggregate demand is estimated as:

Option 1: Private consumption expenditure
 

Option 2: Private consumption expenditure + Government expenditure
  

Option 3: Private investment expenditure + Private consumption expenditure + Government expenditure

Option 4: Private consumption expenditure + Private investment expenditure + Government expenditure + Net exports

Question : _____________________ is equal to the cost of goods and services produced by the collective used by the public.

Option 1: Government final consumption expenditure.

Option 2: Private final consumption expenditure.

Option 3: Gross domestic capital formation.

Option 4: Net exports.