Assume that instead of regarding automobile purchases as consumer goods,national income accountants were to categorize them as capital goods? What would be the result?
A) GDP would remain the same,but disposable income would be less.
B) Disposable income would remain the same,but savings would increase.
C) National income accounts would remain unchanged.
D) Consumption spending would increase.
Correct Answer:
Verified
Q93: Which of the following would be included
Q94: What are net exports?
A)Exports less imports.
B)Exports plus
Q95: What is national income?
A)It is the income
Q96: What is net domestic income at basic
Q97: What is the result if Professor Mumbler
Q99: All of the following,except one,are excluded when
Q100: All of the following,except one,are excluded when
Q101: Which of the following is true of
Q102: What is the result of investment?
A)Expanded production
Q103: In equilibrium,the value of production is equal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents