Which of the following expenditures is included in the consumption component of the gross domestic product (GDP)?
a. The money spent on the purchase of stocks
b. The money spent on the purchase of used furnitures
c. The money spent on the purchase of a used car
d. The money spent on the purchase of kitchen appliances
e. The money spent on the purchase of bonds issued by the government
d
You might also like to view...
For a single-price monopolist to sell one more unit of a good, it must
A) lower the price on just the last unit sold. B) lower the price on all units sold. C) raise the price on just the last unit sold. D) raise the price on all units sold.
The least costly combination of inputs is influenced by the relative prices of inputs.
Answer the following statement true (T) or false (F)
The biggest advantage of capitalism is that
a. It generates wealth with the help of government intervention b. Prices hinder in moving assets from high-value to low-value uses c. It forces involuntary exchanges d. It creates wealth by letting a person follow his or her own self-interest
If an industry is in long-run perfectly competitive equilibrium
A. all firms will be earning economic profits. B. most firms will be earning economic profits. C. a few firms will be earning economic profits. D. no firm will be earning an economic profit.