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Author Question: Which of the following is NOT a component of private investment, for purposes of GDP accounting? ... (Read 32 times)

krzymel

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Which of the following is NOT a component of private investment, for purposes of GDP accounting?
 
  A) additions to firms' stock of inventories B) newly produced housing
  C) newly built factories D) purchases by firms of used machinery

Question 2

Consider an economy that only produces wooden chairs. In 2012, the economy produced 100 wooden chairs priced at 10 each. The nominal GDP of the economy for the year 2012 will be:
 
  A) 10. B) 1,000. C) 100. D) 10,000.
 
  Consider an economy that produces only cell phones. In the year 2012, the economy manufactures 275 cell phones, and each cell phone sells at 200. In the year 2013, the economy manufactures 280 cell phones but the price of each cell phone falls to 180.


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asware1

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krzymel

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


rachel

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

 

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