Which of the Following Items Is the One Type of Household

question 74

Multiple Choice

Which of the following items is the one type of household expenditure that is categorized as investment rather than consumption?

• A)spending on education
• B)the purchase of stocks and bonds
• C)the purchase of a new house
• D)the purchase of durable goods such as stoves and washing machines

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Definitions:

Least Squares Regression Line

A linear line that reduces the squared discrepancies between the actual observations and the predictions made by the line to the smallest possible sum.

Sunshine

The natural light emitted by the sun, influencing weather, climate, and various biological processes.

Melanoma

A type of skin cancer that develops from the pigment-containing cells known as melanocytes.

Least Squares Method

A mathematical approach used to find the best-fitting line through a set of points by minimizing the sum of the squares of the offsets (residuals) between the observed and predicted values.