Which of the Following Expenditures Would Increase the Consumption Component

question 156

Multiple Choice

Which of the following expenditures would increase the consumption component of U.S. GDP?

• A)You buy a new house.
• B)You buy a pizza.
• C)You buy 1,000 shares of stock.
• D)You buy a used book about economics.

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Definitions:

Exchange Rates

The value of one currency for the purpose of conversion to another, affecting how international transactions are recorded.

British Pounds

Refers to the official currency of the United Kingdom, known for its symbol £ and its code GBP.

Sales Credited

This refers to the revenue recorded when sales transactions are made, often impacting the seller's financial statements positively.

Spot Rate

The present market rate at which a specific currency is available for purchase or sale for on-the-spot delivery.