Question
Hello! I have a few questions I have gotten stuck on my AP Macroeconomics assignment. Question 1 reads: GDP is equal to: A) C+T+G ,
Hello!
I have a few questions I have gotten stuck on my AP Macroeconomics assignment.
Question 1 reads: GDP is equal to: A) C+T+G , B) C+G+Ig+Xn C) C+I+Ig+ Xn D) none of these
Question 2 reads: As defined in national income accounting, investment refers to: A) business expenditures on machinery and equipment B) all construction C) changes in business inventories D)all of the above
Question 3 reads: If depreciation (consumption of fixed capital) is covered completely and additional spending is included in the gross private domestic investment statistic, it can be concluded that: A) nominal GDP is rising but real GDP is declining B) net investment is negative C) the economy is importing more than it exports D) the economy is expanding
Thank you for your assistance!
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