Which of the following expenditures is included in the consumption component of the gross domestic product (GDP)?
A)The money spent on the purchase of stocks
B)The money spent on the purchase of used furnitures
C)The money spent on the purchase of a used car
D)The money spent on the purchase of kitchen appliances
E)The money spent on the purchase of bonds issued by the government

Question

Quizplus · Accepted Answer

Only the money spent on the purchase of kitchen appliances is included in the consumption component of the GDP. Purchases of stocks, used furniture, used cars, and government bonds are not considered part of consumption in GDP.

Which of the Following Expenditures Is Included in the Consumption