Which of the following would be classified as consumption spending?
A) A family's purchase of a new home
B) A family's purchase of a used car
C) A family's payment for a child's hospitalization
D) A family's purchase of Microsoft stock
E) A family's purchase of a swing set for their home day-care business
Correct Answer:
Verified
Q18: Which of the following is the best
Q19: Gross domestic product (GDP)is
A) the total value
Q20: A midwestern farmer grows wheat and sells
Q21: Purchases of stocks and bonds are examples
Q22: In the expenditure approach to measuring GDP,we
Q24: Private investment expenditure,adds to the nation's existing
Q25: Which of the following would be classified
Q26: Changes in business inventories are part of
Q27: Increases in inventories are subtracted from GDP
Q28: The term investment,in the language of economists,refers
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