Which of the Following Is Included in Personal Consumption Expenditures

question 35

Multiple Choice

Which of the following is included in personal consumption expenditures?

• A) highway construction
• B) the purchase of a new TV by a household
• C) construction of residential housing
• D) purchases of common stock by an investor

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Definitions:

English Auction

A type of auction where the price ascends with each subsequent bid and the highest bidder wins.

Increasing Bids

The action of progressively raising the price offer in an auction or competitive bidding situation.

High-value

Referring to products, services, or investments that are considered to be of great worth or quality in comparison to their price or cost.

Oral Auction

A public sale method where goods or services are sold to the highest bidder through verbal bids.