Changes in business inventories are: Multiple Choice classified as consumption expenditures. classified as investment expenditures. classified...
Changes in business inventories are:
Multiple Choice
-
classified as consumption expenditures.
-
classified as investment expenditures.
-
classified as government purchases.
-
excluded from GDP.
Homework Answers
Answer
Option 2
classified as investment expenditures
It is included in the investment expenditure as the inventories are investment spending. Change in inventories require new investment or changes the old investment and both changes taken in to account to calculated GDP.
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Changes in business inventories are:
Multiple Choice
classified as consumption expenditures.
classified as investment expenditures.
classified...
1. Government transfer payments are: Multiple Choice a. included in GDP under the personal consumption of...
1. Government transfer payments are: Multiple Choice a. included in GDP under the personal consumption of the recipient. b. not included in GDP since the recipient will use the funds to purchase final goods and services. c. included in GDP to account for the tax revenue that is generated to pay for them. d. included in GDP under government spending. 2. The purchase of a new television produced in Japan will be included in GDP as: Multiple Choice a. an...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment,...
7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....
How do consumption and investment spending affect aggregate expenditures and output over the business cycle? Which...
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26. are The four components of planned aggregate expenditures a. Consumption, investment, inventories, and government purchases....
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The following table shows data on consumption, investment, exports, imports, and government expenditures for Canada in...
The following table shows data on consumption, investment, exports, imports, and government expenditures for Canada in 2008, as published by Statistics Canada. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Note: Type in the results without rounding off numbers. Personal consumption expenditures (C) Gross private domestic investment (I) Exports (X) Imports (M) Net exports of goods and services Government consumption expenditures and gross investment (G) Gross...
3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures,...
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1. In a closed economy to have sustainable output, Aggregate Expenditures are equal to
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7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....
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