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Author Question: Which of the following purchases is included in personal consumption expenditures when determining ... (Read 75 times)

lidoalex

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on: Jun 29, 2018
Which of the following purchases is included in personal consumption expenditures when determining gross domestic product?
 
  A) purchase of a new house because of the arrival of a new baby
  B) purchase of a new office building
  C) vacation expenses for a spring trip to Fort Lauderdale
  D) purchases of jeans to add to a store's inventory

Question 2

By definition, currency depreciation occurs when the value of
 
  A) all currencies fall relative to gold.
  B) one currency falls relative to another currency.
  C) one currency rises relative to another currency.
  D) gold falls relative to the value of currencies.


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dlook33

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


lidoalex

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

cpetit11

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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