Which of the following purchases by households is considered as consumption expenditure for the purposes of national- income accounting?
A) tractors for use on a family farm
B) the purchase of company stock
C) a new house
D) a Government of Canada Treasury bill
E) legal services
Correct Answer:
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Q1: Which of the following is excluded from
Q2: Transfer payments are excluded from the government
Q3: When calculating GDP from the expenditure side,
Q4: Which of the following is the most
Q6: Disposable personal income is calculated as
A)equal to
Q7: An example of a transfer payment is
A)government
Q8: When adding up the value of all
Q9: In macroeconomics, the term "capital goods" refers
Q10: If nominal GDP in some year is
Q11: Suppose that in 2000, Canada Cars Corporation
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