Which of the following would be classified as a personal consumption expenditure?
A) Your purchase of this economics course.
B) Your purchase of a newly constructed house
C) Your purchase of a preowned house.
D) Your purchase of one share of Microsoft stock.
Correct Answer:
Verified
Q35: If exports rise and imports fall, then:
A)
Q36: Your purchase of a Gucci purse made
Q37: New residential housing is counted in GDP
Q38: Resources that flow through the circular flow
Q39: Using the expenditure approach, GDP equals:
A) C
Q41: Which approach to calculating GDP is computed
Q42: Exhibit 5-8 GDP data (billions of dollars)
Q43: Using the income approach, net interest is
Q44: Using the income approach, the largest component
Q45: Using the income approach, the smallest component
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