Which of the Following Is Not a Component of Gross

question 144

Multiple Choice

Which of the following is not a component of gross domestic product?

• A) net exports
• B) government purchases
• C) purchases by consumers of used goods
• D) purchases by consumers of finished goods

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Definitions:

Willingness To Pay

The maximum amount of money a consumer is prepared to spend to obtain a good or service.

Communications Network

A system of interconnected devices or nodes that can communicate with each other to exchange data and information.

Consumer Type

A classification of individuals based on their consumption patterns, preferences, or demographic characteristics.

Willingness To Pay

The maximum amount a consumer is prepared to pay for a good or service.