Which of the following is NOT an example of private investment expenditure?
A. new plants and equipment added during the year
B. new houses built during the year
C. using credit cards to purchase durable and nondurable goods
D. increases in inventories on goods produced during the year
Answer: C
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When disposable income increases from $9 trillion to $10 trillion, consumption expenditure increases from $6 trillion to $6.8 trillion. The MPC is
A) 0.60. B) $6.8 trillion. C) 0.68. D) 1.00. E) 0.80.
According to the equation of exchange, if real Gross Domestic Product (GDP) is $25 billion, the money supply is $10 billion, and the price index equals 2, then the income velocity of money is
A) 5. B) 10. C) 25. D) 50.
Reducing _____ the benefits available to the buyer and seller and might also enable them to make exchanges that were previously impossible
a. transaction costs decreases b. transaction costs increases c. marginal costs decreases d. marginal costs increases
William can create 30 meals in one hour, or wash 90 dishes in the same time. Jeremy can create 25 meals in one hour, or wash 50 dishes in one hour. Using opportunity cost, who should specialize in what task?
What will be an ideal response?