Question
The demand for GDP in the economy comes from which of the following sectors:
Select the correct answer using the code given below:
- Household
- Private
- Government
- External
Select the correct answer using the code given below:
Answer: Option D
Answer: (d)
An economy produces two types of final goods i.e. consumption and capital goods. Consumption goods get consumed and capital goods are used for further production processes (capital goods are also called investment).
The value of these two goods produced in the economy in a year is called GDP. These two types of goods i.e. GDP is purchased by the four sectors of the economy
Household sector (consumption goods)
Private sector (capital goods)
Government sector (consumption and capital both)
External sector (consumption and capital booth)
Was this answer helpful ?
Answer: (d)
An economy produces two types of final goods i.e. consumption and capital goods. Consumption goods get consumed and capital goods are used for further production processes (capital goods are also called investment).
The value of these two goods produced in the economy in a year is called GDP. These two types of goods i.e. GDP is purchased by the four sectors of the economy
Household sector (consumption goods)
Private sector (capital goods)
Government sector (consumption and capital both)
External sector (consumption and capital booth)
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution