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 architectural services
E) a municipal government's purchase of new desks for city council chambers
Correct Answer:
Verified
Q20: Consider the circular flow of income and
Q25: The term "investment" in macroeconomics means
A)the total
Q25: GDP from the expenditure side is equal
Q26: Consider the investment component (I)of GDP.To calculate
Q27: In national-income accounting,the term "fixed investment" refers
Q29: When calculating GDP from the expenditure side,Ga
Q33: Which of the following statements regarding investment
Q34: In national-income accounting,a fall in Ga (other
Q36: Which of the following purchases by households
Q38: In macroeconomics,the term "capital goods" refers to
A)the
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