Consumption

question 115

Multiple Choice

Consumption:

• A) is the largest component of the U.S. GDP.
• B) is the value of total goods purchased by government.
• C) includes the price of new homes.
• D) is what households spend on food.

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Definitions:

Sugar-Free Drink

A beverage that does not contain sugar, often sweetened with artificial sweeteners or natural alternatives.

Product Line Extension

The addition of new products to an existing product line to attract new customers or to capitalize on existing brand loyalty within the market.

Product Life Cycle

The stages a product goes through from development and introduction to the market, through growth and maturity, and eventually decline.

Industry Sales Revenue

The total earnings generated by companies within a particular sector, indicating the overall financial performance and economic health of the industry.