The bulk of goods and services consumed in the United States is produced by
A) foreign countries.
B) the U.S. government.
C) households.
D) business firms.
E) the stock market.

Question

Quizplus · Accepted Answer

The majority of goods and services consumed in the United States are produced by business firms. This includes goods produced by both domestic and foreign-owned firms operating within the country. While households also produce some goods and services (such as home-cooked meals or childcare), they do not make up the bulk of production. The U.S. government provides some services, but it is not a major producer of goods. The stock market is a mechanism for buying and selling ownership in firms, but it does not produce goods and services directly.

The Bulk of Goods and Services Consumed in the United