The Consumption Component of GDP Includes Spending on

question 99

Multiple Choice

The consumption component of GDP includes spending on

• A)durable goods and nondurable goods,but not spending on services.
• B)durable goods and services,but not spending on nondurable goods.
• C)nondurable goods and services,but not spending on durable goods.
• D)durable goods,nondurable goods,and services.

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Definitions:

Education

Education involves the systematic instruction and training provided by schools and universities to impart knowledge, skills, and critical thinking abilities.

Federal Employment

Jobs provided by the federal government, encompassing a wide range of positions, from administrative roles to national defense.

National Defense

The protection and defense of a nation's sovereignty, territorial integrity, and interests, through the use of military and defense strategies.

Postal Service

A government or private sector service responsible for the collection, transport, and delivery of mail and packages.