Which of the Following Questions Would Be LEAST Likely to Appear

question 17

Multiple Choice

Which of the following questions would be LEAST likely to appear on a questionnaire designed to determine consumer confidence?

• A) "Would you say that you and your family are better off or worse off financially than a year ago?"
• B) "Will you be better off or worse off a year from now?"
• C) "Are you happy with your wife (husband)?"
• D) "Do you plan to buy a car in the next year?"

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Definitions:

Government Purchases

Expenditures by the government on goods and services that directly consume economic resources, distinct from transfer payments.

Short Run

A period in economics during which some factors of production are fixed, limiting the ability of the economy or a firm to adjust to changes.

Real GDP

The market value of all final goods and services produced within a country in a given period, adjusted for inflation.

Recessions

Phases of momentary economic slump that lead to a reduction in trading and industrial activities, frequently identified by declining GDP in two successive quarters.