Which Component of GDP Includes Inventory Changes

question 211

Multiple Choice

Which component of GDP includes inventory changes?

• A) consumption
• B) investment
• C) government spending
• D) Inventory changes are not included in GDP.

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Definitions:

Family Life Cycle

The distinct phases that a family progresses through from formation to retirement, each phase bringing with it identifiable purchasing behaviors.

Middle-aged Couples

Partners typically ranging from about 45 to 65 years old, often facing the transition to empty-nesting or retirement.

Family Decision Making

The process by which decisions are made in a household, involving multiple family members with their respective influences and roles.

Joint Decision Making

A process in which multiple parties collaborate to make a decision, often seen in families or organizations.