Multiple Choice
The Carters' oldest son attends Big State University. He and his parents pay all his fees and tuition. These payments count in GDP as
A) investment.
B) government spending.
C) consumption of services.
D) consumption of durable goods.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q214: A U.S.-owned automobile factory uses $50 million
Q215: In 2012 a country had a real
Q216: If real GDP doubles and the GDP
Q217: If total spending rises from one year
Q218: GDP is defined as the market value
Q220: GDP can be measured in terms of
Q221: In a simple circular-flow diagram, total income
Q222: The goal of macroeconomics is to explain
Q223: GDP adds together many different kinds of
Q224: Figure 23-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 23-1