Question

In the recent past, the government has attempted to stimulate the economy by sending tax refunds to individual people so that they will buy more products. What component of GDP is the government attempting to increase?

Answer 1

Answer:

The correct answer to the following question will be "Consumption".

Explanation:

Investments, welfare spending, consumer spending are essential elements of GDP. That tells them what a nation is doing well. For every year, GDP is the world's total economic production.

Expenditure on resources consumption includes:

• Durable goods (Furniture, cars, etc).
• Non-durable goods (Oils. clothing, etc).
• Services (Education, health, etc).

Therefore, it's the right answer.