Consumption

question 96

Multiple Choice

Consumption:

• A) is a major component of aggregate demand.
• B) is negatively related to the national price level.
• C) measures people's expenditures on real goods and services.
• D) All of these are true.

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Definitions:

Household Consumers

Individuals or groups purchasing goods and services for personal use, not for manufacture or resale.

Full-Time Employees

Workers who are employed for the full number of hours defined as standard by their employer, often receiving full employment benefits.

Financial Year

A financial year is a 12-month period used for calculating annual financial statements in businesses and other organizations.

Capital

Financial assets or resources that individuals or companies use to fund their operations and invest in their growth.