In the calculation of GDP, the value of a new house constructed by a firm is included in:
A) personal consumption expenditures.
B) personal saving.
C) the depreciation of capital.
D) private investment.
Correct Answer:
Verified
Q30: Suppose the clothing manufacturer, Eddie Bauer, produced
Q31: Which of the following is included in
Q32: In the circular flow model for an
Q33: Which of the following items is included
Q34: The construction of a new state highway
Q36: Transfer payments are:
A) payments made to firms
Q37: For computing GDP, the official measure of
Q38: Government purchases are defined as:
A) the sum
Q39: Government purchases include:
A) purchases made by people
Q40: Which of the following statements is true?
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents