In the GDP equation, business spending is referred to as: O Consumption Investment O Government O Net Exports

An example of "investment" in computing real GDP using the expenditure approach is the purchase of O A 100-year old house bought by a married couple. O Computer chips by DELL to put in their personal computers. O 100 shares of Microsoft stock. O A new set of tools by a car mechanic, for use in repairing cars.

QUESTION 16 Which items are added together to get Gross Domestic Product? OA. Consumption, government spending, net exports, and treasury bonds O B. Consumption, Interest payments, government spending, and net export OC Consumption, investment, government spending, and net exports O D.Consumption, aggregate demand, aggregate supply, and net exports QUESTION 17 Which of the following would NOT be included in GDP? OA. a haircut at Styles of tomorrow OB. Buying 1.000 s of Amazon Stock OC Buying gasoline at Exxon Mobil O D. All of the above woud be included QUESTION 18 A policeman's salary would fall under which component of GDP? OA consumer spending OB. private investment OC. government purchase O D-net exports QUESTION 19 In the market for paperback books, more people are reading books on kindles and ipads. Which of the following is likely to occur O A. The demand curve for paper back books will shift to the right O B. Nane af the above O The supply curve of paperback books will shift to…

In the first half of 2017, automobile sales in the United States were lower than they were in the first half of 2016. The decrease in auto sales impacts GDP because new automobiles are counted as when purchased by households and when purchased by businesses. O investment; consumption O nondurable goods; durable goods O durable goods: nondurable goods O consumption; investment