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What is the smallest component of aggregate spending in US?
consumer spending
The most important determinant of consumer spending is?
consumer expectations
What Factors affect consumer spending?
The factors that affect consumer spending are: Size of Income, Future Expenditures, and Social Influences.
What is the largest component of total spending in the US economy?
consumer spending
What is the largest sector of GDP?
consumer spending
What place does Halloween come in on the consumer spending chart?
In 2013, Halloween came in second on the consumer spending chart. Christmas came in first on the consumer spending chart for holiday spending.
What is the smallest component of aggregate spending in US?
consumer spending
The most important determinant of consumer spending is?
consumer expectations
What Factors affect consumer spending?
The factors that affect consumer spending are: Size of Income, Future Expenditures, and Social Influences.
What is the largest component of total spending in the US economy?
consumer spending
What is the largest sector of GDP?
consumer spending
When there is a recession the biggest decline is in?
consumer spending
How do increase in consumer spending affect the economy?
With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.
How consumer spending may cause inflation to rise?
Inflation occurs when people aren't spending money, thus meaning if a consumer is spending money the prices will generally be lower, also if there is a high demand for that product
What is the result of high unemployment?
A decrease in consumer spending.
What portion of the GDP is accounted for by Consumer Spending?
70%
What are components of the cost of consumption?
Y = C + I + G Y = gross domestic product C = consumer spending I = consumer + government savings G = government spending
