Which of the following would be included in the consumption expenditure component of GDP?
A) export sales of snowmobiles
B) government expenditure for highway construction
C) the increase in inventories at lumber mills
D) expenditure by a firm for annual payroll services
E) a municipal government's purchase of new desks for city council chambers
Correct Answer:
Verified
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Q18: Total value added in an economy is
Q19: In Lumberville,the lumberjack cuts trees and sells
Q20: Consider the circular flow of income and
Q21: Which of the following statements regarding housing
Q23: In national-income accounting,"depreciation" refers to
A)a term used
Q24: Suppose a government collects $12 billion in
Q25: GDP from the expenditure side is equal
Q26: In national-income accounting,replacement investment is the investment
Q27: In national-income accounting,the term "fixed investment" refers
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