When George buys a new computer for his business,it is included in gross domestic product (GDP)as ________,and when he buys a new computer for use at home,it counts as ________.
A) investment; investment
B) consumption; consumption
C) consumption; investment
D) investment; consumption
E) investment; services

Question

Quizplus · Accepted Answer

When George buys a computer for his business, it is considered an investment because it is used for production purposes. When he buys a computer for personal use at home, it is considered consumption as it is for personal use.

When George Buys a New Computer for His Business,it Is