Multiple Choice
Money spent on the purchase of a new house is included in the GDP as a part of
A) household expenditures on durable goods.
B) personal consumption expenditures.
C) personal saving.
D) gross domestic private investment.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Transfer payments are<br>A) excluded when calculating GDP
Q16: Real GDP measures<br>A) current output at current
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Q18: Tom Atoe grows fruits and vegetables for
Q19: National income accountants can avoid multiple counting
Q21: Setup Corporation buys $100,000 of sand, rock,
Q22: The growth of GDP may understate changes
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Q25: The "statistical discrepancy" that the NIPA includes