What does annual economic growth refer to?
A) annual increases in GDP
B) annual increases in consumption spending
C) annual increases in investment spending
D) annual increases in Real GDP
E) none of the above
D
You might also like to view...
Intermediate goods and services are ________ production and ________ counted in GDP.
A. used up in the process of; are B. the end products of; are not C. the end products of; are D. used up in the process of; are not
An increase in the value of the U.S. dollar will
A) increase Canadian demand for winter homes in Florida. B) increase the cost of homes in Florida for American buyers. C) reduce Canadian demand for winter homes in Florida. D) reduce the cost of homes in Florida for Canadian buyers.
If you buy a brand new, American-made laptop computer to use for taking notes in your economics class, then it will be classified in GDP accounting as
a. a business inventory b. a consumption expenditure c. an investment expenditure d. a household expenditure e. a service good
The personal saving rate is
A. the difference between personal income and disposable personal income. B. the percentage of disposable personal income that is saved. C. the difference between total personal spending and personal saving. D. the ratio of personal income to personal saving.