Household Spending on Education Is Counted in Which Component or Subcomponent

question 59

Multiple Choice

Household spending on education is counted in which component or subcomponent of GDP?

• A)consumption of durable goods
• B)consumption of nondurable goods
• C)consumption of services
• D)investment

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Definitions:

Temporary Employees

Workers hired on a non-permanent basis, often to fill short-term needs of the employing organization.

Layoffs

The action of making employees redundant, often temporarily, due to economic downturns or organizational restructuring.

Payroll Taxes

Taxes that are withheld from employees' wages or salaries by employers and paid directly to the government, including Social Security and Medicare taxes.

Workers' Compensation

Insurance that ensures employees receive medical care and wage replacement if they sustain injuries at work.