Multiple Choice
Which of the following would count as an investment expenditure in the GDP expenditures approach?
A) General Motors hires 10 electrical engineers.
B) Boeing purchases a new metal stretching machine used to produce airplane wings.
C) Ms. Quantum buys 100 shares of Microsoft stock.
D) A large corporation spends $10,000 per month on long-distance phone charges.
Correct Answer:
Verified
Correct Answer:
Verified
Q40: Gross domestic product is officially measured by
Q41: Exhibit 11-6 GDP data (billions of dollars) <img
Q42: In any year, nominal GDP divided by
Q43: All changes in nominal GDP are due
Q45: Exhibit 11-5 GDP data (billions of dollars) <img
Q46: Your purchase of a Gucci purse made
Q48: Which of the following is a shortcoming
Q49: Personal consumption expenditures are the largest component
Q77: Personal income equals disposable personal income plus:<br>A)
Q190: Which one of the following transactions would