The purchase of 500 Westpac shares by a Super fund
A) is not counted as part of GDP.
B) is counted as consumption expenditure.
C) is counted as investment in the GDP accounts.
D) is counted as part of import expenditure in the GDP accounts because Westpac is a foreign firm.
E) is counted as part of export expenditure in the GDP accounts because Westpac is a foreign firm.
Correct Answer:
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Q27: Nominal GDP increases
A) only if the productivity
Q28: Nominal GDP measures the value of goods
Q29: Total expenditure equals total income
A) because firms
Q30: Everything else the same, if government expenditure
Q31: In comparing the magnitudes of the components
Q33: According to the income approach to measuring
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