For the purposes of calculating GDP, investment includes:
A. purchases of stock.
B. purchases of government bonds.
C. the value of new residential construction.
D. purchases of old automobiles.
Answer: C
You might also like to view...
The above figure shows the U.S. market for wheat. With international trade, the gain in total surplus is equal to ________
A) area A B) area B + area C C) area D D) area C + area F E) area C + area D + area F
If a Thai citizen borrowers dollars for a few months, hedging should take place if
a. the dollar is expected to fall in value over that time b. the dollar is expected to rise in value over that time c. the dollar is expected to fluctuate considerably over that time d. the dollar is expected to remain stable over that time e. none of the above
In the saving function, autonomous saving is
A) -a + (1 - c)(Y - T). B) (1 - c)Y. C) -a. D) -Y - T.
Restrictions on imports
A) eventually reduce exports, too. B) enhance economic welfare by encouraging more exports. C) are the quickest way for a country in recession to start on a path of economic recovery. D) usually have no long-run effects on an economy.