Question Ir" {2 poin ts} Gross investment is 0 what is left over from total new private investment after depreciation. O the total amount of private investment purchases, whether new or previouslvv existing. 0 the total amount of new private investment purchases. 0 the wear and tear on private investment. Question 3 [2 poin ts} Macroeconomics differs from microeconomics in that O macroeconomics is the study.r of individual markets, while microeconomics deals with the nation's economvr as a whole. 0 microeconomics is the studv of individual markets, while macroeconomics deals with the nation's economvr as a whole. 0 macroeconomics focuses principally.r on social and political issues, while microeconomics involves the studv of a nation's monetaryr svstern. O microeconomics focuses principallv on social and political issues, while macroeconomics involves the studv of a nation's mo netarvr svstem. Question 9' {2 poin ts} One of the flaws of GDP is that it 0 includes only.r transactions that take place in formal businesses. 0 ignores transactions that do not take place in organized markets. 0 includes measures of the underground economy. 0 includes measures of changes of c|ua|itvr of life associated with producing output. Question 1|]I [2 points} Transfer pavments are excluded from government purchases in GDP accounting because 0 they are difficult to measure. 0 they are a reward to individuals who have been productive their entire lives. 0 thev are already.r included as part of investment. 0 nothing is being produced in return for the pavment