Gross private domestic investment consists of _____.

A) spending by individual households on automobiles and durable goods
B) spending by businesses on labor resources
C) net additions to business inventories
D) spending by government on welfare benefits
E) spending by households on stocks and bonds

Gross Private Domestic Investment

The total capital investment in an economy by private sector entities, excluding government spending.

Durable Goods

Goods not for immediate consumption that can be used over a period of time, such as appliances, cars, and furniture.

Business Inventories

The stocks of goods and materials that firms hold for the purpose of sale or input into production, often used to meet consumer demand or continue production.