In the national income accounts, new investment goods are considered
a. intermediate goods, and therefore, not counted.
b. final goods.
c. subtractions from final output.
d. depreciated goods
b
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Refer to the figure below. In this game, the dominated strategy for Player A:
A. will depend on Player B's move. B. is to play down. C. is to play up. D. is to cooperate with Player B.
The price elasticity of a horizontal demand curve is always
A. infinitely large. B. zero. C. one. D. increasing as price increases.
For many developing countries, natural resources or agricultural commodities make up ________ share of exports
A) close to no B) an unimportant C) an important D) close a to 5 percent E) close to a 10 percent
If rational expectations hold, aggregate demand policy actions only affect output if
a. they are predictable. b. they are unpredictable. c. they are systematic. d. they are permanent. e. both b and d.