Personal Consumption Expenditures

question 150

Multiple Choice

Personal consumption expenditures:

• A) represent close to two-thirds of GDP.
• B) are equal to personal income minus individual taxes.
• C) include durable good purchases but not nondurable good purchases.
• D) do not include any intangible consumption items.
• E) include all goods and services bought by the government.

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Definitions:

Secondary Oocyte

The cell that forms after the first division in oogenesis and can develop into an ovum after fertilization.

Diploid Organism

An organism whose cells contain two sets of chromosomes, one set inherited from each parent, which is characteristic of most adult forms of life.

Spermatogenesis

The process of sperm cell development, occurring in the testes, through which spermatogonial stem cells differentiate into mature sperm.

Oogenesis

The process of egg formation in the ovaries.