Which of the following would be classified as a personal consumption expenditure?
A) All of the following.
B) Your purchase of a newly constructed house
C) Your purchase of a preowned house.
D) Your purchase of one share of Microsoft stock.
E) Your purchase of this economics course.
Correct Answer:
Verified
Q7: The circular flow of economic activity is
Q38: Resources that flow through the circular flow
Q46: In the circular flow model,
A) money flows
Q47: The circular flow model represents the establishment
Q48: The largest component of GDP is:
A) personal
Q49: In the circular flow model, which of
Q50: In the circular flow model, who is
Q52: Gross domestic product is a measure of
Q54: The lower portion of the circular flow
Q55: The lower portion of the circular flow
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