Multiple Choice
In national income accounting, the consumption category of expenditures includes purchases of
A) both new and used consumer goods.
B) automobiles for personal use but not houses.
C) consumer durable and nondurable goods but not services.
D) consumer nondurable goods and services but not consumer durable goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q72: Value added by a firm is the
Q73: The value of transactions in the underground
Q74: Real GDP is<br>A)the nominal value of all
Q76: The following are national income account data
Q77: GDP estimates account for which of the
Q78: GDP tends to overstate economic well-being because
Q79: One year nominal GDP was $286 billion
Q80: The value added in an industry includes
Q91: The largest expenditure component of GDP is<br>A)
Q150: What is the difference between national income