Household consumption:
A) only accounts for about 20 per cent of total GDP.
B) is the largest single component of GDP.
C) accounts for around 80 per cent to 85 per cent of total GDP each year.
D) is the smallest component of GDP.
Correct Answer:
Verified
Q43: Narrbegin Exhibit 11.2 GDP data (billions
Q44: Household consumption expenditures include:
A) investment expenditure.
B) used
Q45: Which of the following would not be
Q46: Assume that household consumption is $500 billion,
Q47: Narrbegin Exhibit 11.1 Expenditure approach
Q49: Narrbegin Exhibit 11.1 Expenditure approach
Q50: Narrbegin Exhibit 11.2 GDP data (billions
Q51: In economics, the term 'investment' refers to:
A)
Q52: If a firm finds that it has
Q53: Government spending on teachers and university lecturers
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