Author Question: Which of the following is not considered investment in the national income accounts? a. The ... (Read 191 times)

magmichele12 · **on:** Jun 30, 2018

Which of the following is not considered investment in the national income accounts?
a. The purchase of a drill press by XYZ company.
b. Construction of a new housing project.
c. The accumulation of inventories on a grocer's shelves.
d. The purchase of 1000 shares of IBM stock.

Question 2

The net export function is negatively sloped because exports are inversely related to domestic income.
a. True
b. False
Indicate whether the statement is true or false