Which of the Following Is Included in the Consumption Component

question 21

Multiple Choice

Which of the following is included in the consumption component of GDP?

• A) CPP/QPP payments
• B) purchases of foreign goods and services
• C) purchases of newly constructed homes
• D) goods produced but not sold during the reference period

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Definitions:

Unanimity

A state or condition of complete agreement or consensus among all members of a particular group or body.

Distinctiveness

The quality or condition of being unique or distinguishable from others, notably in terms of characteristics or features.

Consistency

The degree to which a person's actions, beliefs, performance, or results remain stable and reliable over time.

Perceptions

The process by which individuals interpret and organize sensory information to produce a meaningful experience of the world.