Which of the following would be an example of a consumption expenditure?
A) more spending by the government on children's programs
B) an increase in welfare payments to single mothers
C) the purchase of a new car by the IPSCO steel company
D) the purchase of a new car by the Singh household
E) spending on protection services for the prime minister
Correct Answer:
Verified
Q5: Gross domestic product is
A)the final value of
Q6: Which of the following statements is true?
A)Final
Q7: Which one of the following is false?
A)Y
Q8: Which of the following is not correct?
A)Investment
Q9: Of the following items, which one would
Q11: Complete the following sentence. Net exports equals
A)exports
Q13: For the aggregate economy, income equals
A)expenditure, but
Q14: Which one of the following is an
Q14: The purchasers in the goods markets are
A)households
Q15: In calculating GDP, economists use the value
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