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Author Question: The purchase of a new machine to replace the one that is worn out is: a. not included in GDP. b. ... (Read 45 times)

cagreen833

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on: Jun 30, 2018
The purchase of a new machine to replace the one that is worn out is:
 a. not included in GDP.
  b. included in gross investment.
  c. considered a personal consumption expenditure.
  d. not included in GNP.
  e. an increase in inventories.

Question 2

The difference between gross and net investment is referred to as:
 a. a personal tax.
  b. the income earned but not received.
  c. a capital consumption allowance.
  d. an indirect business tax.
  e. a statistical discrepancy.


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ktidd

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


cagreen833

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

DylanD1323

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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