Which of the Following Examples of Household Spending Is Categorized

question 8

Multiple Choice

Which of the following examples of household spending is categorized as investment rather than consumption?

• A)expenditures on durable goods such as automobiles and refrigerators
• B)expenditures on intangibles items such as medical care
• C)expenditures on new housing
• D)All of the above are correct.

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Definitions:

Natural Resources

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

Ecological Footprints

A measure of the impact human activities have on the environment in terms of the amount of greenhouse gases produced, measured in units of carbon dioxide.

Population Growth

The increase in the number of individuals in a population over a specific period.

Summary

A concise presentation of the main points of a text, document, or presentation.