Which of the following is included in the consumption component of GDP?
a. household purchases of appliances.
b. household purchases of medical care.
c. household purchases of food.
d. All of the above are included in the consumption component of GDP.
d
Economics
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When aggregate planned expenditure ________ real GDP, there are unplanned ________ in inventories, and firms ________ production, therefore decreasing real GDP
A) exceeds; decreases; decrease B) exceeds; increases; increase C) is less than; increases; decrease D) is less than; increases; increase E) is less than; decreases; decrease
Economics
Very high four-firm concentration ratios characterize the
A. furniture industry. B. clothing industry. C. computer and peripherals industry. D. beer industry.
Economics