Multiple Choice
Nondurable goods are products:
A) with expected lives of over three years.
B) with expected lives of less than three years.
C) with expected lives of over 2 years.
D) with expected lives of under 2 years.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: The GDP deflator or price index equals<br>A)gross
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
Q46: Economists define investment to include:<br>A)any increase in
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