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MILESTONE – AN INSTITUTE OF BRILLIANCE Chapter – 1 (Some Basic Concepts of Macroeconomics) What are the four sectors of the economy? a)Household sector b)Producer sector c)Government sector d)The external sector
What are the types of goods produced in the economy?
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Define different types of goods. a) Final goods:
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b) Intermediate goods:
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c) Consumer goods:
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d) Capital goods:
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How can the final goods be classified?
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a) Final consumer goods:
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b) Final producer goods:
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Differentiate Consumption expenditure and investment expenditure?
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