Which of the Following Would Be Included as Consumption in the Expenditures

question 139

Multiple Choice

Which of the following would be included as consumption in the expenditures approach to calculating GDP?  

• A) spending by businesses on a plant and equipment 
• B) spending by government on office buildings 
• C) spending by households on new single-family houses 
• D) purchases of dental services by patients

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Definitions:

Transformative

Relating to or causing a significant change in form, structure, or appearance.

Converting

The act of changing something into a different form or the process of adopting a new belief system or religion.

Phases

Describes distinct stages or periods in a process of development or change.

Collective Conscience

A set of shared beliefs, ideas, and moral attitudes which operate as a unifying force within society, according to Emile Durkheim.