Consider the following statements regarding Private final consumption expenditure (PFCE) : It is the expenditure incurred by
Fantastic news! We've Found the answer you've been seeking!
Question:
Consider the following statements regarding Private final consumption expenditure (PFCE):
- It is the expenditure incurred by the resident households and non-profit institutions serving households on final consumption of goods and services.
- It forms more than half of the Real Gross Domestic Product of India.
Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
Posted Date: