Author Question: Which of the following purchases is included in personal consumption expenditures when determining ... (Read 43 times)

lidoalex · **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.