In 2012, Household Expenditures Accounted for About ________ of Total

question 78

Multiple Choice

In 2012, household expenditures accounted for about ________ of total GDP.

• A) 50 percent
• B) 71 percent
• C) 45 percent
• D) 76 percent
• E) 13 percent

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Definitions:

Social Responsibility

The obligation of individuals, organizations, and businesses to act for the benefit of society at large, focusing on ethical behavior and societal well-being.

Government Contract

A legally binding agreement between a business and a government agency to provide goods or services in exchange for payment.

Local United Way

refers to a community-based branch of the United Way, a nonprofit organization that collaborates with volunteers and local charities to address community needs.

Social Responsibility

The obligation of businesses and individuals to act in a way that benefits society at large, beyond their own interests or profitability.