Consumption Expenditure Includes Only

question 78

Multiple Choice

Consumption expenditure includes only

• A)expenditure by Canadian households, firms, and governments on goods and services produced in Canada.
• B)expenditure by Canadian households and foreigners on goods and services produced in Canada.
• C)expenditure by Canadian households on goods and services produced in Canada and in the rest of the world.
• D)expenditure by Canadian households on goods and services produced in Canada.
• E)expenditure by Canadian households and firms on goods and services produced in Canada.

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Definitions:

Marginal Cost

The investment required to manufacture an extra unit of a good or service.

Mineral Water

Water that contains minerals or other dissolved substances that alter its taste or give it therapeutic value, usually obtained from wells or springs.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.

Marginal Cost

The added cost of producing one additional unit of a product or service.