Multiple Choice
In November 2016, Econland Motors produced an automobile that was delivered to a local dealership in December 2016.The auto was then sold to Sharon Smith for personal use in February 2017.Following national income accounting practices, this auto would be counted as part of
A) consumption in 2016 and consumption in 2017.
B) consumption in 2016 and investment in 2017.
C) negative investment in 2016 and consumption in 2017.
D) investment in 2016 and negative investment in 2017.
Correct Answer:
Verified
Correct Answer:
Verified
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