For the purpose of GDP accounting, consumption expenditures include:
A. only nondurable goods.
B. only durable goods.
C. both nondurable goods and services.
D. durable goods, nondurable goods, and services.
Answer: D
You might also like to view...
An investment of $10,000 promises a payment of $13,000 after six years. If the annual rate of interest is $8%, what is the net present value of the investment?
What will be an ideal response?
All points above a given indifference curve are
A) inferior to any point on the indifference curve. B) preferred to any point on the indifference curve. C) definitely not affordable. D) Both answers Band C are correct.
If private property rights were established in the oceans, there would probably be
A. more ocean pollution. B. less ocean pollution. C. the same amount of ocean pollution that exists without private property rights in the ocean. D. more ocean voyages on cruise ships.
The ability to organize and meet an objective, such as meeting regulatory and financial requirements to start and run a business, is known as:
A. business sovereignty. B. democratic capitalism. C. consumer sovereignty. D. entrepreneurship.