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2 January, 17:01

Which of the following is not included in the consumption component of GDP?

Group of answer choices

household purchases of appliances

household purchases of food sold in the US but produced abroad

household purchases of medical care

household purchases of newly constructed homes

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Answers (1)
  1. 2 January, 17:20
    0
    The options that are not included in the consumption component of GDP are:

    household purchases of food sold in the US but produced abroad

    household purchases of newly constructed homes

    Explanation:

    The Gross domestic product is the value of final products and services produced in a country in a certain period. Because of that, the household purchases of food sold in the US but produced abroad is not included in the consumption component of the GDP.

    Also, the household purchases of newly constructed homes is considered a household investment and because of that is counted in the investment component of the GDP not in the consumption component.
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Home » Business » Which of the following is not included in the consumption component of GDP? Group of answer choices household purchases of appliances household purchases of food sold in the US but produced abroad household purchases of medical care household
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