The Relative Importance of Housing in the Breakdown of Consumer

question 244

Multiple Choice

The relative importance of housing in the breakdown of consumer spending is

• A)43 percent.
• B)15 percent.
• C)6 percent.
• D)4 percent.

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Definitions:

Internal Locus

The belief that one's actions and behaviors are guided by personal decisions and efforts, rather than by external factors.

Self-Esteem

A person's overall sense of personal value or worth.

Internal Locus

An individual's belief that they have control over their life events and outcomes, as opposed to external forces having that control.

External Locus

Refers to an external locus of control, where individuals believe their success or failure is due to external factors beyond their control.