Economists define investment as the O purchase of raw land for later resale. O purchase of equipment, plants, and inventories. O difference between people's income and their spending. O purchase of stocks and bonds.D Question 2 Year Price level Nominal GDP 1982 100 $1,600 1992 150 $3,000 2002 300 $6,000 In the above table, what was real GDP in 2002? O $3,000 O $1,600 O $2,000 O $6,000D Question 3 Year Price level Nominal GDP 1982 100 $1,600 1992 150 $3,000 2002 300 $6,000 In the above table, what was real GDP in 1982? O $6,000 O $2,000 O $3,000 O $1,600Question 4 Year Price level Nominal GDP 1982 100 $1,600 1992 150 $3,000 2002 300 $6,000 In the above table, what was real GDP growth rate between 1982 and 1992? 46.67% 87.5% O 25% O 20%You have 30 minutes for this exercise. D Question 5 Year Price level Nominal GDP 1982 100 $1,600 1992 150 $3,000 2002 300 $6,000 In the above table, what was real GDP growth rate between 1992 and 2002? O 100% O 50% O 0% O 200%If we compare the four sources of spending in US economy we see that 2X3 of the overall spending is from 0 business investment O household consumption O government expenditure O foreign purchases Question 3' If depreciation is less than gross investment. then net investment is C} zero. C} positive. {3 negative. C} This situation could never occur because it is impossible for depreciation to be less than gross investment. Question 8 It depreciation is more than gross investment, then net investment is ________ : economy is in _______ production capacity. 0 negative, declining 0 positive, expanding 0 negative, expanding 0 positive, declining