The Consumption Component of GDP Includes Spending on

question 99

Multiple Choice

The consumption component of GDP includes spending on

• A)durable goods and nondurable goods,but not spending on services.
• B)durable goods and services,but not spending on nondurable goods.
• C)nondurable goods and services,but not spending on durable goods.
• D)durable goods,nondurable goods,and services.

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Definitions:

Inequality

A mathematical sentence indicating that two expressions are not equal, using symbols such as <, >, ≤, or ≥.

Solve

The process of finding the value(s) of variable(s) that satisfy an equation, inequality, or system of equations.

Inequality

A mathematical relation that shows how two values are not equal, using symbols such as <, >, ≤, or ≥.