Question

question 3
1 pts
consumption in the united states is about _______ of gdp, and it moves relatively little over time.
10%
33%
68%
90%
question 4
1 pts
consumption is the purchase of goods and services by:
households
government
business firms
foreign buyers

Explanation:

Question 3

In the United States, consumption (personal consumption expenditures) typically accounts for around two - thirds of GDP. 68% is close to two - thirds (which is approximately 66.67%), while 10% is too low, 33% is about a third, and 90% is too high.

In economics, consumption is defined as the purchase of goods and services by households. Government purchases are a separate component of GDP (government spending), business firms purchase goods and services for investment, and foreign buyers' purchases of domestic goods are part of net exports (exports).

Answer:

C. 68%

Question 4