In what category of national income accounting is the purchase of a computer by a business?
A) It is ignored because computers are considered intermediate goods-an input in the production of other goods and services.
B) It is considered consumption.
C) It is a form of investment spending.
D) It is a form of savings.
Correct Answer:
Verified
Q30: In what category is the purchase of
Q31: If an economy produces 100 pencils valued
Q32: Personal consumption expenditures consist of:
A)household and individual
Q33: If U.S. net exports are positive, then
Q34: The total market value of all final
Q36: If an economy produces 100 pencils and
Q37: The largest expenditure component of GDP is:
A)consumption.
B)investment.
C)net
Q38: Negative net exports means:
A)GDP is lower than
Q39: To calculate GDP:
A)add the quantity of all
Q40: Net exports are defined as:
A)GDP minus exports.
B)exports
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