In 2005,household Expenditures Accounted for About __________ of Total GDP

question 50

Multiple Choice

In 2005,household expenditures accounted for about __________ of total GDP.

• A)19 percent
• B)40 percent
• C)16 percent
• D)70 percent
• E)11 percent

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Definitions:

Risk

The potential for losing something of value or the possibility of an adverse outcome.

Equity Funds

Investments that are made into companies by purchasing shares, thereby gaining an equity interest in the company.

Repaid

Refers to the act of paying back money that was borrowed from an individual, bank, or financial institution.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent or salaries.