An example of "investment" in computing real GDP using the expenditure approach is the purchase of
A) computer chips by Dell to put in their personal computers.
B) a new set of tools by an auto mechanic, for use in repairing cars.
C) a 100 year old house by a married couple.
D) 100 shares of IBM stock.
Correct Answer:
Verified
Q82: Personal consumption expenditures include
A) the purchase of
Q83: The largest component of GDP is
A) net
Q84: Gross private domestic investment is all purchases
Q85: To measure GDP using the expenditure approach
Q86: Which of the following items is not
Q88: Personal consumption expenditures include all of the
Q89: All of the following household expenditures are
Q90: Which of the following purchases is included
Q91: Aggregate expenditures include all of the following
Q92: An example of "investment" in the national
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