Which of the Following Is Part of Gross Private Domestic

question 133

Multiple Choice

Which of the following is part of gross private domestic investment?

• A) Purchases of stocks and bonds
• B) A decline in consumer debt
• C) Purchases of hamburgers for a family dinner
• D) A positive change in business inventories

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Definitions:

Supply

the total amount of a specific good or service that is available to consumers.

Inferior Good

A type of good for which demand decreases as the income of the individual increases, inversely related to income.

Normal Good

A good for which demand increases as the income of the consumer increases, reflecting a direct relationship between income and demand.

Income Increases

A rise in the amount of money earned by individuals or households, often measured on an annual basis.