Consumption

question 16

Multiple Choice

Consumption

• A)makes up about two-thirds of GDP in a typical year
• B)exceeds GDP in years when net exports are negative
• C)is much more volatile than investment,especially during recession years
• D)is much more volatile than investment,especially during expansion years
• E)has declined as a fraction of GDP over time

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Definitions:

Intuit

To understand or know something by instinct, without the need for conscious reasoning.

Motivator-Hygiene Model

A theory proposed by Frederick Herzberg that suggests job satisfaction and dissatisfaction arise from two distinct sets of factors: motivators that lead to satisfaction and hygiene factors that, if not present, lead to dissatisfaction.

Comparison

The act of evaluating two or more items to identify similarities and differences.

Fairly Treated

The perception or reality of being treated with justice, equality, and respect.