ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The total consumption and investment expenditure of the government
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Consumption
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Government spending
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Exports
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Investment
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Explanation:
Detailed explanation-1: -Consumption is the purchase of goods and services for the acquisition of current utility. Investment is expenditure on capital goods for the acquisition of future utility. Investment increases the capital stock.
Detailed explanation-2: -Aggregate expenditure equals the sum of consumption, investment, government spending, and net exports. These are also the components of aggregate demand.
Detailed explanation-3: -General government final consumption expenditure (% of GDP) in India was reported at 11.13 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources.
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