Multiple Choice
Economists define investment to include:
A) any increase in business inventories.
B) the addition of cash to a savings account.
C) the purchase of common or preferred stock.
D) the purchase of any durable good, for example, an automobile or a refrigerator.
Correct Answer:
Verified
Correct Answer:
Verified
Q36: All expenditures on new construction are included
Q41: When an economy's production capacity is expanding:<br>A)nominal
Q43: All figures are in billions of dollars.
Q44: The term "real GDP" refers to:<br>A)the value
Q45: Nondurable goods are products:<br>A)with expected lives of
Q47: Welfare payments to families with dependent children
Q48: In an economy, the value of inventories
Q49: Disposable income differs from personal income by:<br>A)personal
Q50: Durable goods are products with expected lives
Q51: In comparing GDP data over a period