Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Determination of Income and Employment

Question:

Which of the following denotes expenditure on "Goods and services"?

Options:

Government expenditure + Investment expenditure 

Government consumption expenditure + Consumption expenditure

Investment expenditure + Consumption expenditure

Any of the above

Correct Answer:

Investment expenditure + Consumption expenditure

Explanation:

Investment expenditure and consumption expenditure denotes expenditure on "Goods and services".