All of the choices accurately describe consumption: it is indeed the largest component of GDP, tends to be relatively stable over time, and encompasses household purchases of both durable goods (like cars and appliances), nondurable goods (such as food and clothing), and services.

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Consumption Is

Question 39

Multiple Choice

Consumption is:

A) the largest component of GDP.
B) a relatively stable component of GDP.
C) household purchases of both durable and nondurable goods and services.
D) All of the above.

Correct Answer: