Which of the Following Expenditures Would Be Counted as Consumption

question 126

Multiple Choice

Which of the following expenditures would be counted as consumption in GDP accounts?

• A)​Mary buys a new home computer to check her e-mail and play computer games.
• B)​Mark buys a new computer for his medical economic consulting business.
• C)​Leslie, an EPA scientist, buys a new computer for her lab at work.
• D)​Juan leases a new computer for his graphic design company.

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Definitions:

Componential Intelligence

An aspect of human intelligence involving analytic problem-solving skills, including the ability to evaluate, analyze, and solve problems.

Bodily-Kinesthetic Intelligence

A type of intelligence defined by Howard Gardner that involves skill in physical movement and the use of the body to express ideas and feelings.

Professional Basketball

A level of basketball competition that involves athletes who receive payment for their performance and is organized by leagues worldwide.

Practical Intelligence

A form of intelligence that involves the ability to resolve real-world problems through adaptive or creative reasoning and effectively apply knowledge and skills in everyday situations.