In Calculating GDP, Your Tuition Expenditures at College Are Classified

question 87

Multiple Choice

In calculating GDP, your tuition expenditures at college are classified as

• A) consumer expenditures on services.
• B) consumer expenditures on goods.
• C) consumer expenditures on durable goods.
• D) investment spending.

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Definitions:

Citation

A reference to legal authorities and precedents such as statutes, cases, or regulations used to support legal arguments.

Enacted

The process by which proposed laws are officially made into law following approval by a legislative body.

United States Reporter

An official publication of United States Supreme Court decisions.

Citation

A reference to a legal source, such as a case, statute, or regulation, or the act of issuing a formal notice for a violation.