Which of the Following Purchases Is Included in Personal Consumption

question 320

Multiple Choice

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

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

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Definitions:

Open System

Refers to a computing system that provides an environment which supports applications and services that are interoperable and can be easily integrated into other systems.

OS

Short for Operating System, it is the software that manages hardware resources and provides common services for computer programs.

Input Technology

Refers to the devices or methods used to enter data into a computer system or other machine, such as keyboards, mice, and touch screens.

Open-Source Software

Software made available in source-code form at no cost to developers.