Consumption Spending Includes

question 97

Multiple Choice

Consumption spending includes:

• A) durable goods, nondurable goods, and housing.
• B) durable goods, nondurable goods, and imports.
• C) durable goods, services, and housing.
• D) durable goods, nondurable goods, and services.
• E) nondurable goods, services, and housing.

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Definitions:

Stratification System

The hierarchical arrangement of individuals in a society based on factors such as wealth, social status, and occupation, which affects their access to resources and opportunities.

Religious Groups

Collections of individuals who share the same faith or beliefs and often gather for worship, spiritual practices, and community support.

Businesses

Organizations engaged in commercial, industrial, or professional activities with the aim to generate earnings or profit.

Classes

Social categories reflecting differences in economic status, lifestyle, education, and occupational prestige among various groups within a society.