Which of the Following Is a Component of the Incomes

question 110

Multiple Choice

Which of the following is a component of the incomes approach to GDP?

• A) consumption expenditure
• B) wages and salaries
• C) investment
• D) government expenditure on goods and services

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Definitions:

Car

A wheeled motor vehicle used for transportation, typically powered by an internal combustion engine or electric motor.

Necessity Recognition

A rephrased definition of Need Recognition; it is the first step in the purchasing decision process, where a consumer realizes a vital requirement that needs to be fulfilled.

Problem Recognition

The initial stage in the buying process where a consumer realizes a need or a problem that requires a solution.

Information Search

The process that consumers undertake to gather and evaluate information about products and services that will satisfy a need or want.