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
 

Question : Which of the following is an example of an autonomous expenditure?

Option 1: Interest payments on public debt

Option 2: Subsidies provided by the government

Option 3: Government purchases of goods and services

Option 4: Personal consumption expenditure

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 : ____________ 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 : _____________________ 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