BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Household Final Consumption Expenditure / Private Non-Profit Institutions Serving Households Final Consumption Expenditure
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Household Final Consumption Expenditure X Private Non-Profit Institutions Serving Households Final Consumption Expenditure
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Household Final Consumption Expenditure + Private Non-Profit Institutions Serving Households Final Consumption Expenditure
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Household Final Consumption Expenditure Private Non-Profit Institutions Serving Households Final Consumption Expenditure
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Detailed explanation-1: -Using Expenditure Method, NNP at FC = Private final consumption expenditure + Government final consumption expenditure + Net domestic capital formation + Net exports + Net factor income from abroad-Net indirect taxes = Rs. (2, 000 + 600 + 400 + 20 + (-)20-400) crores = Rs. 2, 600 crores.
Detailed explanation-2: -NNP at FC = GDP at MP-Consumption of fixed capital-Net indirect taxes + Net Factor Income From Income= Rs. [520-10-25 + (-)5] = Rs. 480.
Detailed explanation-3: -Private consumption expenditure consists of expenditure incurred for the direct satisfaction of individual or collective needs by private households or non-profit institutions serving households (such as religious societies, sports and other clubs, political parties, etc.).
Detailed explanation-4: -Private consumption includes all purchases made by consumers, such as food, housing (rents), energy, clothing, health, leisure, education, communication, transport as well as hotels and restaurant services.