When Measuring GDP,new Automobile Sales Are Counted as Consumption When

question 97

Multiple Choice

When measuring GDP,new automobile sales are counted as consumption when the automobiles are purchased by ________ and as investment when they are purchased by ________.

• A) households; businesses
• B) households; the government
• C) businesses; the government
• D) foreign customers outside the United States; households

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Definitions:

Informal Forecasting Techniques

These are non-structured, qualitative methods of predicting future events or outcomes based on intuition, experience, or informal analysis.

Sophisticated Forecasting Methods

Sophisticated forecasting methods involve advanced techniques to predict future events or trends based on historical data and statistical analysis, often utilizing complex algorithms and models.

Approximations

Estimates or close representations of a value or quantity when exact figures are unavailable or unknown.

Labour Market Analysis

The study of a firm’s labour market to evaluate the present or future availability of different types of workers.