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Author Question: Using the expenditure approach, total spending by households for durable goods, nondurable goods, ... (Read 81 times)

JMatthes

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Using the expenditure approach, total spending by households for durable goods, nondurable goods, and services is a category called:
 a. gross private domestic investment.
  b. capital consumption allowance.
  c. personal consumption expenditures.
  d. household investment.

Question 2

GDP does count:
 a. state and local government purchases.
  b. spending for new homes.
  c. changes in inventories.
  d. none of these.



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ong527

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Answer to Question 1

c

Answer to Question 2

d




ong527

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