McqMate
| Q. |
Imputed gross rent of owner-occupied buildings is a part of - |
| A. | capital formation |
| B. | final consumption |
| C. | intermediate consumption |
| D. | consumer durable |
| Answer» B. final consumption | |
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Explanation: The figure of final private consumption expenditure includes the imputed gross rent of owner-occupied dwellings, consumption of own-account production and payment by households of wages and salaries in kind valued at cost, e.g., provision for food, shelter and clothing to the employees, wherever they exist. Production for self consumption is apart of production and hence an income and is also a part of final consumption expenditure. |
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