Which of the following would be classified as Consumption spending?
A) New plant and equipment bought by Ford Motor Company in Michigan.
B) Money spent by the U.S. government to provide assistance to flood victims.
C) Money spent by individuals for food and clothing.
D) Money spent by state and local governments on new school building.
Correct Answer:
Verified
Q7: A government transfer payment is defined as
A)
Q8: Which of the following would be considered
Q9: Which of the following is an example
Q10: A corporation is defined as
A) a business
Q11: During the Great Depression, unemployment reached a
Q13: Gross Domestic Product consists of spending on
A)
Q14: What is included in employee compensation?
A) Wages,
Q15: When exports are less than imports, the
Q16: Property income includes
A) bonuses, commissions, rent, and
Q17: What is the definition of the term,
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