An Example of ʺInvestmentʺ in Computing Real GDP Using the Expenditure

question 10

Multiple Choice

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

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

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Definitions:

Religious Differences

Variations in beliefs, practices, and organizational forms among world religions or within a single religion among different sects or groups.

Economic Development

The method through which a country enhances its citizens' economic, political, and social conditions.

Limited Partnership

A business arrangement where one or more partners are liable only up to the amount of their investment, while at least one partner has unlimited liability.

Perpetual Life

The concept that an entity, usually a corporation, continues to exist indefinitely until it is legally dissolved, regardless of changes in ownership or management.