Private Final Consumption Expenditure Solution

STEP 0: Pre-Calculation Summary
Formula Used
Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE
PFCE = HFCE+NPPIFCE
This formula uses 3 Variables
Variables Used
Private Final Consumption Expenditure - Private Final Consumption Expenditure is used to measure the total value of goods and services purchased by households for their final consumption during a year.
Household Final Consumption Expenditure - Household Final Consumption Expenditure is a component of national accounts that measures the total value of goods and services purchased by households for final consumption.
Non Profit Private Institutions FCE - Non Profit Private Institutions FCE refers to the total value of goods and services consumed by non-profit institutions that primarily serve households, such as charities etc.
STEP 1: Convert Input(s) to Base Unit
Household Final Consumption Expenditure: 35000 --> No Conversion Required
Non Profit Private Institutions FCE: 15010 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
PFCE = HFCE+NPPIFCE --> 35000+15010
Evaluating ... ...
PFCE = 50010
STEP 3: Convert Result to Output's Unit
50010 --> No Conversion Required
FINAL ANSWER
50010 <-- Private Final Consumption Expenditure
(Calculation completed in 00.004 seconds)

Credits

Created by Aashna
IGNOU (IGNOU), India
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BMS College of Engineering (BMSCE), Bangalore
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20 Macroeconomics Calculators

Operating Surplus
Go Operating Surplus = Value of Output-Intermediate Consumption-Compensation of Employees-Mixed Income-Consumption of Fixed Capital-Net Indirect Taxes
Components of Aggregate Demand
Go Components of Aggregate Demand = Private Consumption Expenditure+Investment Expenditure+Government Expenditure+Net Exports
Real Effective Exchange Rate
Go Real Effective Exchange Rate = (Consumer Price Index of Domestic Nation*Nominal Effective Exchange Rate)/Consumer Price Index of Foreign Country
Net Factor Income from Abroad
Go Net Factor Income from Abroad = Net Compensation of Employees+Net Income from Property and Entrepreneurship+Net Retained Earnings
National Disposable Income
Go National Disposable Income = National Income+Net Indirect Taxes+Net Current Transfers from the Rest of the World
Gross Domestic Product at Factor Cost
Go Gross Domestic Product at Factor Cost = Gross Domestic Product at Market Price+Subsidies-Indirect Taxes
Change in Money Supply
Go Change in Money Supply = (1/Required Reserve Ratio)*Change in Bank Reserves-(Initial Deposit Amount)
Personal Disposable Income
Go Personal Disposable Income = Personal Income-Personal Taxes-Miscellaneous Receipts of Government
Life Expectancy
Go Life Expectancy = Current Age of the Individual+Average Life Expectancy-Adjustment Factor
Private Final Consumption Expenditure
Go Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE
Gross National Product at Market Price
Go Gross National Product at Market Price = Gross Domestic Product at Factor Cost+Net Factor Income from Abroad
Net Domestic Product at Factor Cost
Go Net Domestic Product at Factor Cost = Net Domestic Product at Market Price-Net Indirect Taxes
Net Domestic Product at Market Price
Go Net Domestic Product at Market Price = Gross Domestic Product at Market Price-Depreciation
Growth Rate of Money Supply
Go Growth Rate of Money Supply = Rate of Inflation+Growth Rate of Real Gross Domestic Product
Real Gross Domestic Product Per Capita
Go Real Gross Domestic Product Per Capita = Real Gross Domestic Product/Total Population
Expenditure Multiplier
Go Expenditure Multiplier = Initial Consumer Price Index/Change in Government Spending
Gross National Disposable Income
Go Gross National Disposable Income = Net National Disposable Income+Depreciation
Velocity of Money
Go Velocity of Money = Nominal Gross Domestic Product/Money Supply
Real Wage
Go Real Wage = Nominal Wage/Consumer Price Index
Simple Deposit Multiplier
Go Simple Deposit Multiplier = 1/Required Reserve Ratio

Private Final Consumption Expenditure Formula

Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE
PFCE = HFCE+NPPIFCE

What do you mean by Private Final Consumption Expenditure ?

Private Final Consumption Expenditure is the summation of the total final household consumption expenditure and final consumption expenditure of other private non-profit institutions on various types of consumer goods and services, including durable (except houses, as any expenditure incurred on the purchase or construction of houses occupied by owners comes under Gross Residential Construction Investment as Capital Formation), non-durable, semi-durable goods and services. It also includes all the domestic and international expenditures incurred by citizens of a country. This means that if a resident of India's consumption on a foreign land, it will be added up in this component of expenditure, whereas consumption by a foreigner on Indian land will be subtracted from PFCE.

How to Calculate Private Final Consumption Expenditure?

Private Final Consumption Expenditure calculator uses Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE to calculate the Private Final Consumption Expenditure, Private Final Consumption Expenditure represents the expenditure made by the non profit private institutions on behalf of households for their final consumption. Private Final Consumption Expenditure is denoted by PFCE symbol.

How to calculate Private Final Consumption Expenditure using this online calculator? To use this online calculator for Private Final Consumption Expenditure, enter Household Final Consumption Expenditure (HFCE) & Non Profit Private Institutions FCE (NPPIFCE) and hit the calculate button. Here is how the Private Final Consumption Expenditure calculation can be explained with given input values -> 50010 = 35000+15010.

FAQ

What is Private Final Consumption Expenditure?
Private Final Consumption Expenditure represents the expenditure made by the non profit private institutions on behalf of households for their final consumption and is represented as PFCE = HFCE+NPPIFCE or Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE. Household Final Consumption Expenditure is a component of national accounts that measures the total value of goods and services purchased by households for final consumption & Non Profit Private Institutions FCE refers to the total value of goods and services consumed by non-profit institutions that primarily serve households, such as charities etc.
How to calculate Private Final Consumption Expenditure?
Private Final Consumption Expenditure represents the expenditure made by the non profit private institutions on behalf of households for their final consumption is calculated using Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE. To calculate Private Final Consumption Expenditure, you need Household Final Consumption Expenditure (HFCE) & Non Profit Private Institutions FCE (NPPIFCE). With our tool, you need to enter the respective value for Household Final Consumption Expenditure & Non Profit Private Institutions FCE and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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