Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What does the investment component of GDP measure? spending by households on goods and services spending by government agencies on goods and services spending

What does the investment component of GDP measure? O spending by households on goods and services O spending by government ag 

What does the investment component of GDP measure? spending by households on goods and services spending by government agencies on goods and services spending on goods to be used in future production O spending on domestically produced goods by foreign buyers A good produced in the current time period but put into a firm's inventory instead of being sold is only included as a part of consumption in future GDP when it is sold. is counted as consumption in current GDP since it was produced in the current time period. is excluded from current GDP. is considered unsold inventory and counted as a part of investment in current GDP.

Step by Step Solution

3.38 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

a The correct answer is Spending on goods to be used in future production Explanation In calculatin... 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

Staffing Organizations

Authors: Herbert G Heneman III, Timothy A Judge, John Kammeyer Mueller

9th edition

1259756559, 1259756556, 978-1259756559

More Books

Students also viewed these Economics questions

Question

What topics should be covered in the training program?

Answered: 1 week ago

Question

8. Name the three catecholamine neurotransmitters.

Answered: 1 week ago