Which of the following is included in the consumption component of GDP?
A) CPP/QPP payments
B) purchases of foreign goods and services
C) purchases of newly constructed homes
D) goods produced but not sold during the reference period

Question

Quizplus · Accepted Answer

Purchases of foreign goods and services are included in the consumption component of GDP as imports, which are subtracted from total GDP calculations.

Which of the Following Is Included in the Consumption Component