The Most Volatile Component of GDP Is

question 120

Multiple Choice

The most volatile component of GDP is

• A) tax revenue
• B) government purchases of goods and services
• C) the nation's capital stock
• D) private investment spending
• E) private consumption expenditures

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Definitions:

Hierarchy of Effects

A model that outlines the sequential steps consumers typically go through, from awareness to knowledge, liking, preference, conviction, and finally purchase.

Stages

The distinct phases or steps within a process or life cycle.

Direct Marketing

A type of advertising strategy that involves direct communication with consumers through various channels, bypassing intermediaries.

Promotional Mix

The combination of marketing communication tools a company uses to pursue its marketing objectives, such as advertising, sales promotion, public relations, personal selling, and direct marketing.