Which of the Following Correctly Lists What Is Included in the Consumption

question 21

Multiple Choice

Which of the following correctly lists what is included in the consumption component of GDP?

• A)household purchases of services and household purchases of nondurable goods but not any household purchases of durable goods
• B)household purchases of nondurable goods and durable goods other than residential construction but not household purchases of services
• C)household purchases of services,nondurable goods,and all durable goods
• D)household purchases of services,nondurable goods,and durable goods other than residential construction

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Definitions:

Scientific Notation

A way of expressing numbers that are too big or too small to be conveniently written in decimal form, using powers of 10.

Position Function

A mathematical function that describes the position of an object as a function of time, often used in physics to study motion.

Initial Velocity

The speed of an object at the moment it begins its motion.

Positive Integers

Natural numbers greater than zero (1, 2, 3, ...).