Multiple Choice
In the first half of 2011,automobile sales in the United States were lower than they were in the first half of 2010.The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses.
A) nondurable goods;durable goods
B) consumption;investment
C) investment;consumption
D) durable goods;nondurable goods
Correct Answer:
Verified
Correct Answer:
Verified
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Q217: Assuming that the United States is the
Q218: Table 19-11<br> <span class="ql-formula" data-value="\begin{array}
Q219: If real GDP in 2016 (using 2009
Q220: Table 19-30<br> <span class="ql-formula" data-value="\begin{array}
Q226: Table 19-24<br> <span class="ql-formula" data-value="\begin{array}
Q244: Which of the following statements about the