Which of the Following Expenditures Is Included in the Consumption

question 4

Multiple Choice

Which of the following expenditures is included in the consumption component of the gross domestic product (GDP) ?

• A)The money spent on the purchase of stocks
• B)The money spent on the purchase of used furnitures
• C)The money spent on the purchase of a used car
• D)The money spent on the purchase of kitchen appliances
• E)The money spent on the purchase of bonds issued by the government

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Definitions:

Income

The money received by an individual or household, typically on a regular basis, through work, investments, or other sources.

Utility Function

A mathematical representation of how different combinations of goods or levels of consumption affect an individual's level of satisfaction or happiness.

Consumption of Nuts

The act of eating nuts, which are high in protein and healthy fats, as part of a diet.

Consumption of Berries

The act of using or eating berries, which can be analyzed in economics to study preferences or nutritional impacts.