The Purchase of 500 Westpac Shares by a Super Fund

question 35

Multiple Choice

The purchase of 500 Westpac shares by a Super fund

• A) is not counted as part of GDP.
• B) is counted as consumption expenditure.
• C) is counted as investment in the GDP accounts.
• D) is counted as part of import expenditure in the GDP accounts because Westpac is a foreign firm.
• E) is counted as part of export expenditure in the GDP accounts because Westpac is a foreign firm.

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Definitions:

Constitutional Democrats

A political ideology or party that advocates for governance according to a constitution that limits the powers of government and guarantees individual rights.

Provisional Government

A temporary government set up to manage the affairs of a state pending the establishment of a permanent government.

Liberal Political Reforms

Changes or improvements in the political system advocating for more freedom and democracy, often including expanded rights and freedoms for citizens.

Mensheviks

A faction within the Russian socialist movement that emerged in 1903, advocating for a democratic and gradual approach to socialism, in contrast to the Bolsheviks.