Plant, equipment, software, new housing, and inventories are part of
A)gross national product.
B)the value-added approach of calculating GDP.
C)gross private domestic investment.
D)net exports.

Question

Quizplus · Accepted Answer

Plant, equipment, software, new housing, and inventories are considered as capital goods or investments made by businesses. Gross private domestic investment measures the amount of investment made in the economy by private businesses and is included in the calculation of GDP.

Plant, Equipment, Software, New Housing, and Inventories Are Part of