Which of the Following Is a Source of Data for the Consumption

question 63

Multiple Choice

Which of the following is a source of data for the consumption component of the U.S.GDP?

• A) The Census Bureau's Retail Trade Survey.
• B) The Census Bureau's Survey of Government Finance.
• C) The Conference Board's Index of Leading Indicators.
• D) The Bureau of Labor Statistics' Consumer Price Index.

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Definitions:

Observation

The process of monitoring or noting phenomena with the aim of collecting data or arriving at conclusions.

Application

The act of putting something to use or implementing a concept, method, or device for a particular purpose.

Parsimony

The principle or idea of simplicity, especially in scientific explanations, by preferring the least complicated explanation.

Scope

The extent of the area or subject matter that something deals with or to which it is relevant.