In the First Half of 2017,automobile Sales in the United

question 170

Multiple Choice

In the first half of 2017,automobile sales in the United States were lower than they were in the first half of 2016.The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses.

• A)nondurable goods; durable goods
• B)consumption; investment
• C)investment; consumption
• D)durable goods; nondurable goods

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Definitions:

Energy Difference

The variation in energy between two states, configurations, or levels, important in understanding chemical reactions and physical processes.

Gibbs Free Energy

A thermodynamic quantity representing the amount of usable energy in a system to perform work at constant temperature and pressure.

Equilibrium Constant

A numerical value that represents the ratio of concentrations of products to reactants at equilibrium in a chemical reaction.

Arrhenius Equation

An equation describing the rate of a chemical reaction as a function of temperature, providing a quantitative basis for the effect of temperature on reaction rates.