Which of the Following Would Be Included in the Consumption

question 73

Multiple Choice

Which of the following would be included in the consumption expenditure component of GDP?

• A)export sales of snowmobiles
• B)government expenditure for highway construction
• C)the increase in inventories at lumber mills
• D)expenditure by a firm for annual payroll services
• E)a municipal government's purchase of new desks for city council chambers

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Definitions:

Self-control

The power to oversee one's feelings, mentations, and behaviors whilst faced with allurements and instinctive drives.

Impulsive Spending

The act of making purchases without thorough consideration of the consequences, often driven by an immediate desire for gratification.

Self-management

The ability to regulate one’s own emotions, thoughts, and behaviors effectively in various situations.

Individualist Cultures

Cultures that emphasize personal goals and self-identity based primarily on one's own achievements and benefits.