This is a component of GDP that comes from the spending of Households.Select one:a. Consumptionb. Governmentc. Net Exportsd. Investments
Question
This is a component of GDP that comes from the spending of Households.
Select one:
- a. Consumption
- b. Government
- c. Net Exports
- d. Investments
Solution
Break Down the Problem
- Identify the components of GDP.
- Determine which component is specifically related to household spending.
Relevant Concepts
- The components of GDP are typically categorized as:
- Consumption (C)
- Government Spending (G)
- Investments (I)
- Net Expo
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