Components
Household final consumption expenditure includes the following components:
- households' purchases of products for their everyday needs (e.g. food, clothing, cars, rents, personal services)
- households' partial payments for products provided by the general government (e.g. tickets to public museums and swimming pools)
- households' payments to the general government for licences and permits (e.g. fees for issuing passports)
- imputed rents for services of owner-occupied housing
- household's own account consumption of outputs produced by unincorporated enterprises owned by households (e.g. own-consumption of milk produced on a farm)
- income in kind earned by employees (free or reduced train tickets for railway employees)
- households' consumption of Financial Intermediation Services Indirectly Measured (FISIM)
Read more about this topic: Household Final Consumption Expenditure
Famous quotes containing the word components:
“Hence, a generative grammar must be a system of rules that can iterate to generate an indefinitely large number of structures. This system of rules can be analyzed into the three major components of a generative grammar: the syntactic, phonological, and semantic components.”
—Noam Chomsky (b. 1928)