For each of the following, how would they be included in the national income accounts?
a. The University of California buys a new computer.
b. Charles buys a new MP3 player.
c. Marian buys a new mountain cabin.
d. Vikki buys an old mansion with hopes of restoring it.
e. Farmer Brown buys a used combine harvester.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q201: What is aggregate demand? What are its
Q201: Explain why it makes a difference if
Q202: Why is investment spending a highly volatile
Q203: In the national income accounts, new investment
Q204: Which factors will cause the consumption function
Q206: Explain why national income and domestic product
Q207: Define investment?
The meaning of investment is different
Q208: Changes in the value of stocks may
Q210: Table 8-1 Q215: The most volatile part of wealth is
A)transfer
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