The quantity of goods and services consumed by an individual or a household is called:

Related MCQs

• Whch of the following curve describes the variation of household expenditure on a particular good with respect to household income?
• The goods and services produced by one country that are sold in exchange for the second country’s own goods and services or for foreign exchange are called
• The excess of the value of imports of goods and services over the value of exports of goods and services is called:
• A trade of goods and services in the exchange for other goods or services rather than for money is known as:
• The branch of economics concerned with the rate at which natural resources are consumed over time is called
• Preparation of butter, ghee by a household for their own use is a part of :
• The value of the output of all goods and services produced within a nation's borders, normally given as a total for the year. It thus includes the production of foreign owned firms within the country, but excludes the income from domestically owned firms located abroad, is called:
• An index (index number) of the prices of goods and services purchased by consumers to measure the inflation rate or the cost of living is called
• The extension in the range of goods and services in a firm or geographic region is called:
• The real capital formation e.g., the production or maintenance of machinary or construction that will produce a stream of goods and services is called