Which of the Following Actions Would Increase the Consumption Spending

question 76

Multiple Choice

Which of the following actions would increase the consumption spending component of the gross domestic product (GDP) ?

• A)Ann cooking dinner for Tim instead of going out
• B)Ann and Tim buying a used microwave oven
• C)Ann and Tim buying vegetables to prepare soup at home
• D)Tim buying Ann a dress
• E)Tim and Ann painting the garage themselves

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Definitions:

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.

Cohesive Group

A group characterized by unity and strong bonds among its members, leading to higher levels of cooperation and collective action.

Dissent

Disagreement with or opposition to the prevailing viewpoint or decision.

Cross-functional Teams

Teams composed of members from various departments and specialties working together towards a common goal.