Purchase of electricity by a business is (refer to the scenario above): Select one: a. Not counted in GDP b. Counted as part of consumption c. Counted as part of investment d. Counted as part of government e. Counted as part of net exports
Purchase of electricity by a business is (refer to the scenario above): Select one: a. Not counted in GDP b. Counted as part of consumption c. Counted as part of investment d. Counted as part of government e. Counted as part of net exports
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 2SQ
Related questions
Question
V2
This question tests your knowledge of what activities are included in calculating
Purchase of electricity by a business is (refer to the scenario above):
Select one:
a. Not counted in GDP
b. Counted as part of consumption
c. Counted as part of investment
d. Counted as part of government
e. Counted as part of net exports
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Survey of Economics (MindTap Course List)
Economics
ISBN:
9781305260948
Author:
Irvin B. Tucker
Publisher:
Cengage Learning