If you own and operate an antique store, this does not count in GDP because you are buying and selling used goods.
Correct Answer:
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Q22: Intermediate goods are part of final goods.
Q23: Expenditure on _ is spending that is
Q24: You buy a new bed that was
Q25: The largest component of GDP is
A)government purchases.
B)investment.
C)exports.
D)consumption.
E)government
Q26: Consumption expenditures include
A)expenditures by households on goods
Q28: Which of the following is the correct
Q29: If a computer retailer has 20 computers
Q30: Investment expenditures are the sum of
A)business fixed
Q31: It is easier to measure GDP in
Q32: Investment is
A)the purchase of final goods by
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