Consumption, as a Component of GDP, Measures

question 4

Multiple Choice

Consumption, as a component of GDP, measures:

• A) spending on goods and services by individuals and households.
• B) spending on luxury items only.
• C) spending by the government.
• D) spending only on goods, not services, by individuals and households.

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Definitions:

Relative Deprivation

Is an intolerable gap between the social rewards people feel they deserve and the social rewards they expect to receive.

Social Breakdown

The disintegration of societal structures and norms, leading to widespread chaos or dysfunction.

Absolute Deprivation

Is a condition of extreme poverty.

Contagion Theory

A theory in sociology and psychology that explains how ideas, attitudes, and behaviors spread through populations as if they were infectious diseases.