Which of the Following Purchases Is Included in Personal Consumption

question 93

Multiple Choice

Which of the following purchases is included in personal consumption expenditures when determining gross domestic product?

• A) purchases of jeans to add to a store's inventory
• B) purchase of a new house because of the arrival of a new baby
• C) vacation expenses for a spring trip to Fort Lauderdale
• D) purchase of a new office building

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Definitions:

Formative Evaluations

Assessments conducted during the developmental process of a program, project, or product to improve its design.

Completed Project

A fully finished and executed task or work that has met its intended objectives.

Proposed Program

A plan or proposal for a new project, course of action, or initiative, typically submitted for approval or consideration.

Itemization

The process of listing items or elements separately with specific details, often used for clarity or organizational purposes.