____ Is a Category of Output That Includes Music, Narrations

question 155

Multiple Choice

____ is a category of output that includes music, narrations, and speeches.

• A) Text
• B) Graphics
• C) Audio
• D) Video

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Definitions:

Disposable Income

The amount of money that households have available for spending and saving after income taxes have been taken out.

Consumption Spending

Expenditures by households on goods and services, excluding purchases of new housing, and a major component of GDP.

Consumption Function

A representation in economics indicating the relationship between total consumer expenditures and household income levels.

Interest Rate

The cost of borrowing money or the return on savings, expressed as a percentage, influencing economic activity by affecting spending and investment decisions.