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:

Maqsud of Kashan

A renowned Persian weaver of the 16th century, credited with creating some of the most famous Persian carpets, including the Ardabil Carpet, known for their intricate designs and craftsmanship.

Suleyman the Magnificent

The tenth and longest-reigning Sultan of the Ottoman Empire, known for extensive legal reforms and for fostering the arts and architecture.

Sinan

A prominent Ottoman architect who significantly influenced the development of Ottoman architecture in the 16th century.

Palace of the Lions

A prominent building within the Alhambra, a palace and fortress complex located in Granada, Spain, famous for its courtyard surrounded by lion statues.