Which of the Following Is Included in the Consumption Component

question 32

Multiple Choice

Which of the following is included in the consumption component of U.S.GDP?

• A)purchases of staplers,paper clips,and pens by U.S.business firms
• B)purchases of natural gas by U.S.households
• C)purchases of newly constructed homes by U.S.households
• D)All of the above are correct.

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Definitions:

Ethical Issue

A dilemma or situation that requires a choice to be made between competing values or principles.

Milgram's Obedience

A series of experiments conducted by Stanley Milgram, demonstrating people's willingness to obey authority figures even when asked to perform actions conflicting with their personal conscience.

Terminate Experiment

The process of concluding or ending an experimental study following its predefined criteria or due to unforeseen circumstances.

Allport

A psychologist known for his work in the study of personality and his theory on the nature of prejudice.