Which of the Following Expenditures Would Increase the Consumption Component

question 108

Multiple Choice

Which of the following expenditures would increase the consumption component of U.S.GDP?

• A)You buy a new house.
• B)You buy a pizza.
• C)You buy 1,000 shares of stock.
• D)You buy a used book about finance.

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Definitions:

Minimum

The lowest value in a given set of numbers, data points, or measurements.

First Quartile

The value below which a quarter of the data falls, representing the 25th percentile of a data set.

Outliers

Data points that are significantly different from the majority of a data set, often indicating a measure of variability or error.

3*IQR

A metric used in statistics to identify potential outliers, calculated as three times the interquartile range.