Economics · National Income Accounting
Under which component is the expenditure incurred by domestic residents during their personal foreign tours categorized while calculating national income using the expenditure method?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Gross domestic capital formation
- 2Gross foreign capital formation
- 3Private final consumption expenditure✓
- 4Government final consumption expenditure
Correct answer
Private final consumption expenditure
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