Multiple Choice
The purchase of 500 Westpac shares by a Super fund
A) is not counted as part of GDP.
B) is counted as consumption expenditure.
C) is counted as investment in the GDP accounts.
D) is counted as part of import expenditure in the GDP accounts because Westpac is a foreign firm.
E) is counted as part of export expenditure in the GDP accounts because Westpac is a foreign firm.
Correct Answer:
Verified
Correct Answer:
Verified
Q30: If we use GDP to measure our
Q31: Adding wages, interest, rent and profits yields<br>A)
Q32: The following are all final goods EXCEPT<br>A)
Q33: The income approach measures GDP by summing<br>A)
Q34: Net exports of goods and services are
Q36: Beijing is notorious for its excessive pollution.
Q37: Consumption expenditure includes spending<br>A) on office supplies
Q38: Nominal GDP is GDP<br>A) after adjusting for
Q39: Pat gives up a $40,000 per year
Q40: A south pacific island produces only coconuts.