Which of the following is included in the investment component of GDP?
a. spending on new residential construction and spending on stocks and bonds
b. spending on new residential construction but not spending on stocks and bonds
c. spending on stocks and bonds but not spending on new residential construction
d. neither spending on stocks and bonds nor spending on new residential construction
b
You might also like to view...
The Smoot-Hawley Act introduced
A) opportunities for expanding U.S. foreign trade. B) the highest tariffs set by the United States in the last 90 years. C) a framework promoting international free trade. D) revenue tariffs as a major source of U.S. government revenues.
Refer to Table 21-2. Using the table above, what is the approximate growth rate of real GDP from 2014 to 2015?
A) 1% B) 2% C) 3% D) 4%
Unlike a "service," a "good"
a. is desirable b. uses resources to satisfy wants c. is physical and tangible d. is abundant and free e. is a resource
What can the government do to solve the problem of excessive use of common resources?