Calculation of Government Final Consumption Expenditure (GFCE)
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The government final consumption expenditure is worked out as under:- GFCE. = Gross output of administrative departments 23.5 The main source of data for preparation of GFCE is the budget documents of central and state governments and of local authorities.
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Answered by
1
Answer:
The government final consumption expenditure is worked out as under:- GFCE. = Gross output of administrative departments 23.5 The main source of data for preparation of GFCE is the budget documents of central and state governments and of local authorities
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