Which of the Following Would Be Included in the Consumption

question 56

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 architectural services
• E)a municipal government's purchase of new desks for city council chambers

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Definitions:

Effortful Thinking

The process of engaging in mental activities that require significant cognitive resources, as opposed to automatic or effortless thinking.

Problem Solving

The process of finding solutions to difficult or complex issues.

Intolerance for Ambiguity

A personality trait that describes individuals who struggle with uncertain, unclear, or unpredictable situations.

Need for Cognition

A psychological term referring to an individual's tendency to engage in and enjoy thinking, analysis, and problem-solving.