In the national income accounts, the purchase of a new house counts as
A) an addition to inventory.
B) investment.
C) a transfer payment.
D) consumption expenditure.
Correct Answer:
Verified
Q120: An expansion
A)is defined as a period of
Q121: In the circular flow diagram, aggregate expenditure
Q122: Q123: Purchasing power parity prices are used to Q124: Goods that are produced this year, stored Q125: To calculate GDP using the expenditure approach, Q126: Which of the following is NOT included Q127: In the equation, GDP = C + Q129: Which, if any, of the following causes Q192: _refers to a period when the _decreases.
A)
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