Author Question: Which of the following expenditures is included in the consumption component of the gross domestic ... (Read 47 times)

809779 · **on:** Jun 30, 2018

Which of the following expenditures is included in the consumption component of the gross domestic product (GDP)?
a. The money spent on the purchase of stocks
b. The money spent on the purchase of used furnitures
c. The money spent on the purchase of a used car
d. The money spent on the purchase of kitchen appliances
e. The money spent on the purchase of bonds issued by the government

Question 2

If the market price of bicycle frames is 500, and frame welders earn a wage of 50, how many welders will be hired?
a. 10.
b. More than 10.
c. Fewer than 10.
d. Hiring will stop when the MP is 10.
e. Hiring will stop when the MP is 0.1.