GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is NOT a component of expenditure based GDP?
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S = Surplus
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C = Consumption
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I = Investment of new physical capital
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G = Government expenditure
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X = Exports
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Explanation:
Detailed explanation-1: -It does not include expenditure on second hand goods.
Detailed explanation-2: -GDP is the sum of all the final expenses or the total economic output by an economy within a specified accounting period. It does not include the output of its underground economy.
There is 1 question to complete.