Which of the following is not included in the computation of the consumption component of gross domestic product?
A) Durable goods like cars and stereos
B) Household spending
C) Nondurable goods like milk and gasoline
D) Services like medical care and education
E) none of the above; all are included in the computation of consumption
Correct Answer:
Verified
Q4: Which of the following does not account
Q5: The equivalence of measuring GDP by spending,
Q6: Starting with national income, which of the
Q7: Labor's share of GDP in the United
Q8: In the United States, consumption expenditure, as
Q10: Inventories are included in the computation of
Q11: Which of the following is not added
Q12: When private and government saving in an
Q13: A current account deficit
A) is never possible
Q14: Ranked in their relative importance in the
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