The purchase of a new machine to replace the one that is worn out ...

[cagreen833]

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.

[ktidd]

Answer to Question 1

b

Answer to Question 2

c

[cagreen833]

Thanks for the timely response, appreciate it

[fatboyy09]

Excellent