For Each of the Following, How Would They Be Included

question 195

Essay

For each of the following, how would they be included in the national income accounts?
a. The University of California buys a new computer.
b. Charles buys a new MP3 player.
c. Marian buys a new mountain cabin.
d. Vikki buys an old mansion with hopes of restoring it.
e. Farmer Brown buys a used combine harvester.

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Definitions:

Communication-Intensive Profession

Careers that primarily rely on strong verbal or written communication skills, such as law, sales, or journalism.

Writing

The process of using symbols, such as letters or characters, to communicate thoughts and ideas in a readable form.

Legislative Propositions

Suggested laws or amendments that are introduced into a legislative body for consideration.

Pleadings

The formal documents filed with the court that outline the parties' positions, claims, defenses, and issues in a litigation matter.