Solved

A Canadian Oil Company Purchases New Drilling Equipment

Question 7

Multiple Choice

A Canadian oil company purchases new drilling equipment.What impact does this purchase have on investment and GDP?


A) It makes investment higher and GDP higher.
B) It leaves GDP unchanged and makes investment higher.
C) It makes investment higher and GDP lower.
D) It leaves investment unchanged and makes GDP lower.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions