Households

question 55

Multiple Choice

Households

• A)own and sell resources
• B)play a very minor role in the economy
• C)supply goods and services
• D)are the largest purchasers of resources
• E)none of the above

---

Definitions:

Investment

The act of allocating resources, usually money, into assets with the expectation of generating income or profit.

Gross Domestic Product (GDP)

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, serving as a comprehensive measure of overall domestic production.

Investment

The allocation of resources, such as capital, with the expectation of obtaining an income or profit.

Corporation

is a legal entity that is separate from its owners, with its own rights and liabilities, and is created to conduct business.