Consumption,as a component of GDP:
A) measures spending on goods and services by private individuals and households.
B) includes nondurable goods only.
C) includes durable goods only.
D) measures spending only on goods,not services,by private individuals and households.
Correct Answer:
Verified
Q42: Using the expenditure method to estimate GDP,
Q63: Jake, Sr. sells the family business, a
Q72: Ted moves into his first apartment.He buys
Q73: An example of a transfer payment is:
A)a
Q74: At the end of the year,Ford realizes
Q75: Transfer payments are:
A)spending that transfers resources from
Q78: Ace has always been a top student,so
Q79: Investment,as a part of GDP,includes:
A)stocks.
B)bonds.
C)Both of these
Q80: Government purchases,as a component of GDP:
A)represent goods
Q81: The value of net exports is:
A)exports minus
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents