How Does Consumer Spending Affect GDP

question 71

Multiple Choice

How does consumer spending affect GDP?

• A) If spending decreases, GDP increases.
• B) If spending increases, GDP decreases.
• C) If spending increases, GDP increases.
• D) Consumer spending doesn't affect GDP.

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Definitions:

Kurtosis

The quality of a distribution that defines how flat or peaked it is.

Positively Skewed

A description of a distribution that has a tail extending to the right, indicating a concentration of values on the lower end.

Tail

The far end of a distribution curve, representing the extreme values in a set of data, either on the higher or lower end.

Standard Deviations

A statistic that measures the dispersion or spread of a set of data points relative to their mean.