An example of "investment" in the national income accounts is the purchase of
A) a new van by a potter, who packs it with his wares and travels to art shows.
B) 100 shares of Intel stock on the New York Stock Exchange.
C) a 100-year-old house that was just put on the protected historic sites list in the year in question.
D) a U.S. government bond.
Correct Answer:
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Q81: Gross private domestic investment is all purchases
Q82: Let C represent consumption expenditure, S saving,
Q83: In the expenditure approach to GDP, the
Q84: Consumption expenditure is the payment by households
Q85: Personal consumption expenditures include
A) expenditures by households
Q87: All of the following household expenditures are
Q88: The largest component of GDP is
A) gross
Q89: The difference between gross investment and net
Q90: Aggregate expenditures include all of the following
Q91: A new 2017 Honda Civic produced in
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