One Reason Why Consumption Accounts for More of GDP in the U.S.than

question 99

Multiple Choice

One reason why consumption accounts for more of GDP in the U.S.than it does in Canada is

• A)Americans are more materialistic.
• B)spending on health care is often counted as consumption in the U.S.and not in Canada.
• C)Americans are less concerned about the future than Canadians.
• D)there is less for consumers to buy in Canada.
• E)Canadian save much more than Americans.

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Definitions:

Shipping Term

Contractual terms between a seller and buyer indicating the delivery details, responsibility for goods, and the point at which risk transfers from one party to the other during transport.

FOB

An incoterm standing for "Free On Board," indicating that the seller bears delivery costs and risk until the goods are loaded on a vessel at the specified shipment point.

Origin Contract

A term referring to the initial agreement between parties, detailing the basis of their contractual relationship.

Title Pass

The transfer of ownership of a property or an asset from one party to another, usually occurring upon the fulfillment of agreed conditions.