Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In November 2018, Toyota produced an automobile which was delivered to a dealership in December 2018. I bought this car for my personal usage in

In November 2018, Toyota produced an automobile which was delivered to a dealership in December 2018. I bought this car for my personal usage in February 2019. In thenational income accounting, this auto would be counted as:

Question 20 options:

a)

consumption in 2018 and 2019.

b)

consumption in 2018 and investment in 2019.

c)

disinvestment in 2018 and consumption in 2019.

d)

investment in 2018 and disinvestment in 2019.

e)

None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Technical Change, Relative Prices, And Environmental Resource Evaluation

Authors: V Kerry Smith

1st Edition

1317358570, 9781317358572

More Books

Students also viewed these Economics questions