Which One of the Following Is an Example of Consumption

question 13

Multiple Choice

Which one of the following is an example of consumption expenditure?

• A)Samantha bought an oven for her cooking show on Food Network.
• B)Stephanie bought a laptop for her brother.
• C)Jim purchased 200 shares of Google stock.
• D)Herman Smith spent $1,500 to buy a used car for his son.

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Definitions:

Healthcare Provider

A professional or organization that provides health care services to individuals, including doctors, nurses, hospitals, and clinics.

Medicare

A federal health insurance program in the United States primarily for people aged 65 and older, but also available to some younger individuals with disabilities.

Medigap

Private insurance that Medicare recipients can purchase to reduce the gap in coverage—the amount they would have to pay from their own pockets after receiving Medicare benefits.

Relative Value

A measure of the worth of something in comparison to the price, quantity, or value of another item or measure.