Which of the following would count as an investment expenditure in the GDP expenditures approach?
a. General Motors hires 10 electrical engineers.
b. Boeing purchases a new metal stretching machine used to produce airplane wings.
c. Ms. Quantum buys 100 shares of Microsoft stock.
d. A large corporation spends 10,000 per month on long-distance phone charges.
Question 2
Which of the following would be included in the government expenditures component of GDP?
a. The export of 100 fighter jets to Japan
b. Construction costs of a new public school building
c. Food stamps used by the Smith family
d. A 1,000 check issued by the federal government as part of the Pell Grant program to help college students pay for school
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Bronfenbrenner’s model of the ecological-systems approach to studying development. He suggested that
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