Which of the Following Purchases by Households Is Considered as Consumption

question 76

Multiple Choice

Which of the following purchases by households is considered as consumption expenditure for the purposes of national- income accounting?

• A)tractors for use on a family farm
• B)the purchase of company stock
• C)a new house
• D)a Government of Canada Treasury bill
• E)legal services

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Definitions:

Subordinate

An individual who is lower in rank or position, typically subject to the authority or control of another within an organizational hierarchy.

Project Completion

The phase in project management where all the tasks are completed, objectives are met, and the project deliverables are approved and handed over.

Assigning Work Effectively

The process of distributing tasks among team members in a manner that maximizes efficiency and aligns with their skills and capacity.

Logical Sequence

An organized, coherent order or progression of steps, events, or actions that follow a rational pattern or reasoning.