An Example of "Investment" in Computing Real GDP Using the Expenditure

question 188

Multiple Choice

An example of "investment" in computing real GDP using the expenditure approach is the purchase of

• A) computer chips by Dell to put in their personal computers.
• B) a new set of tools by an auto mechanic, for use in repairing cars.
• C) a 100 year old house by a married couple.
• D) 100 shares of IBM stock.

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Definitions:

Internal Events

Refers to occurrences or activities that take place within an organization or a system, affecting its operations and decision-making processes.

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed.

Variable-Ratio

Refers to a schedule of reinforcement where a response is reinforced after an unpredictable number of responses, which is used in behavior modification and operant conditioning.

Fixed-Interval

In the context of psychology, a schedule of reinforcement where rewards are given after a specific, constant amount of time has passed.