In computing GDP, new home construction adds to
A. consumption.
B. investment.
C. government spending.
D. net exports.
Answer: B
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Changes in real planned investment spending have
A) an inverse relationship to changes in the interest rate. B) no identifiable relationship to changes in the interest rate. C) a direct relationship to changes in the level of household savings. D) a direct relationship to changes in interest rates.
The short-run aggregate supply curve shows the:
A. Inverse relationship between the price level and real GDP purchased B. Inverse relationship between the price level and real GDP produced C. Direct relationship between the price level and real GDP produced D. Direct relationship between the price level and real GDP purchased
Which statement is false?
A. In general, Japanese firms are more concerned with product quality than American firms are. B. There is no one explanation for the rising Japanese trade surplus. C. There is no single remedy for our huge trade imbalance. D. None of these statements are false.
When the interest rate is R, the formula for finding the future value of $M two years from now is
A) M (1 + R)2. B) M (1 + R2). C) M / (1 + R)2. D) M / (1 + R2).