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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is consumption expenditure?
💡 Hint: Think about what families typically buy.
Question 2
Easy
Name one example of a durable good.
💡 Hint: It lasts a long time.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does consumption expenditure include?
- Only services
- Durable and non-durable goods
- Only non-durable goods
💡 Hint: Think of the types of purchases you make regularly.
Question 2
Consumption expenditure reflects which aspect of the economy?
- True
- False
💡 Hint: What does it show about people's spending habits?
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A country experiences a significant decrease in consumer confidence. Predict how this might affect consumption expenditure and explain your reasoning.
💡 Hint: Consider how feelings about the future influence buying decisions.
Question 2
If the government implements a tax cut aimed at increasing disposable income, how might consumption expenditure respond, and why?
💡 Hint: Think about how disposable income affects spending choices.
Challenge and get performance evaluation