The Relative Importance of Housing in the Breakdown of Consumer

question 358

Multiple Choice

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

• A) 41 percent.
• B) 15 percent.
• C) 6 percent.
• D) 4 percent.

Distinguish between imports and exports and their effect on GDP.

Calculate GDP deflator and understand its relevance to economic analysis.

Determine nominal and real GDP for specified periods and understand their significance.

Calculate and interpret inflation rates based on changes in the GDP deflator.

---

Definitions:

Tomography

Imaging by sections or sectioning, through the use of any kind of penetrating wave or mechanical vibrations.

Thermography

A diagnostic technique that uses infrared data and thermal imaging to detect changes in temperature and blood flow in body tissues.

Ultrasonography

A diagnostic medical procedure that uses high-frequency sound waves to produce images of structures within the body.

Angiocardiogram

An imaging test that uses X-rays to visualize the heart’s chambers and blood vessels.