Which of the following purchases is included in personal consumption expenditures when determining gross domestic product?
A) vacation expenses for a spring trip to Fort Lauderdale
B) purchases of jeans to add to a storeʹs inventory
C) purchase of a new office building
D) purchase of a new house because of the arrival of a new baby
Correct Answer:
Verified
Q94: Goods that are produced this year, stored
Q95: Aggregate expenditures include all of the following
Q96: In the expenditure approach to GDP, the
Q97: A new 2010 Honda Civic produced in
Q98: All of the following household expenditures are
Q100: An example of ʺinvestmentʺ in the national
Q101: Which of the following is included in
Q102: Which of the following is included in
Q103: In the national income accounts, government expenditure
Q104: In the national income accounts, government expenditure
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