In the calculation of GDP, which of the following purchases is included as a personal consumption expenditure?
A) a new apartment building by a landlord
B) a new calculator required for a statistician's job
C) a new computer by a college student
D) a new tractor by a farmer
Correct Answer:
Verified
Q43: The nominal gross domestic product of 2013
Q44: Suppose that since the base year, all
Q45: If nominal GDP increases and the price
Q46: Real GDP is a measure of society's
A)
Q47: If the price index remains constant and
Q49: If an investor purchased $50,000 of IBM
Q50: Which of the following is included in
Q51: The expenditures approach for calculating GDP includes
Q52: A slowdown in the economy's productivity growth
Q53: The concept of creative destruction is attributed
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