When you buy a new car built by Ford,it is included in the ________ category of GDP.
A) consumption
B) investment
C) government purchases
D) export
E) import

Question

Quizplus · Accepted Answer

When you buy a new car built by Ford, it is considered consumption because it is a final good purchased by a household for personal use. Consumption is a major component of GDP, which measures the total value of all goods and services produced within a country's borders in a given period of time.

When You Buy a New Car Built by Ford,it Is