Which of the following would be included in the consumption component of GDP?
A) Movie ticket sales
B) Purchase of a new home
C) Purchase of used clothes
D) Purchase of a baseball card collection at a yard sale
E) Purchase of a chain saw at an auction
Correct Answer:
Verified
Q54: Assume that the telephone company built a
Q55: In 2008,Computers,Inc.produced personal computers worth $20 million.If
Q56: If private investment increased by $50 billion
Q57: If the boat industry produced $20 billion
Q58: In 2008,the Ace Card Company produced $10
Q60: The largest component of GDP is
A) tax
Q61: Suppose that in 2009,private investment spending was
Q62: What is the main factor that explains
Q63: Transfer payments are important for society because
A)
Q64: Which of the following would be classified
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