1.Which counts as part of the investment spending category of GDP? Check all that apply.

a. spending on education

b. purchases of newly constructed houses by consumers

c. purchases of stocks and bonds

d. purchases of new buildings and equipment by firms

2.In the base year, what can we say about real GDP and nominal GDP?

a. they are equal

b. nominal gdp is larger

c. they are both equal to 100

d. real gdp is larger