Consumption,as a Component of GDP

question 96

Multiple Choice

Consumption,as a component of GDP:

• A)measures spending on goods and services by private individuals and households.
• B)includes nondurable goods only.
• C)includes durable goods only.
• D)measures spending only on goods,not services,by private individuals and households.

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Definitions:

Discriminatory Judgments

Decisions or opinions based on biases, prejudice, or unjust distinctions towards individuals or groups.

Attribution

A cognitive process by which individuals infer the causes of their own and others’ behavior.

Schema

Schema refers to a cognitive framework or concept that helps organize and interpret information, based on one’s accumulated knowledge and experience.

Attributional Model

A psychological framework that explains how individuals infer causes of behavior, focusing on internal versus external attributions.