ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stock market
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Inflation & affordability
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Unemployment
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Consumer spending
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Detailed explanation-1: -There are three categories of consumer spending: durable goods, nondurable goods, and services.
Detailed explanation-2: -Once upon a time the health of the economy could largely be gauged by looking at three indicators of economic well-being: the inflation rate, the unemployment rate, and the growth rate of the gross domestic product.
Detailed explanation-3: -Quarterly growth at an annual rate. The four-quarter or “year-over-year” growth rate. The annual average growth rate.
Detailed explanation-4: -Productive Consumption. Slow Consumption. Quick Consumption. Wasteful Consumption. Income − The budget constraints effects in consumer choices are usually expressed with two products on the vertical and horizontal axes. 24-Jun-2022