Consumption is the purchase of goods and services by:
A) households.
B) government.
C) business firms.
D) foreign buyers.
E) all of the above.
Correct Answer:
Verified
Q24: Intermediate products:
A)produced domestically are not directly reflected
Q32: Which of the following products are not
Q36: The expenditure method of measuring GDP is
Q47: The investment component of GDP includes:
A)funds in
Q58: The largest single expenditure component of GDP
Q84: Mistakenly adding the value of a good
Q88: Transfer payments are included in which category
Q89: The expenditure approach to GDP accounting includes:
A)consumption.
B)investment.
C)government
Q92: Final goods or services used to compute
Q93: The goods and services that are used
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