When Determining the Amount of Electric Heating to Be Installed

question 5

Multiple Choice

When determining the amount of electric heating to be installed in a house, the rule of thumb is to use _______ watts per square foot for each heated area in a house.

• A) 10
• B) 100
• C) 1
• D) 50

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Definitions:

Expenditures Approach

A method of calculating GDP that totals consumption, investment, government spending, and net exports.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculating the total value of all goods and services produced over a specific time period.

Gross Investment

The total amount spent on purchases of new capital assets and replacement of depreciated assets within a specified period.

Net Investment

The total spending on new capital minus the replacement of depreciated capital, indicating the actual addition to the capital stock in an economy.