All of the Following Are Included in Gross Private Domestic

question 220

Multiple Choice

All of the following are included in gross private domestic investment expenditure EXCEPT a

• A) business's purchase of a fleet of cars.
• B) household's purchase of a new house.
• C) business's purchase of another company's stock.
• D) a retail store's purchase of shoes to add to its inventory.

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Definitions:

Total Product

The total quantity of output produced by a firm over a given period.

Dogs Washed

The service or action of cleaning dogs by bathing them, often as a professional service.

Diminishing Returns

A principle stating that if one factor of production is increased while others are held constant, the incremental increases in output will eventually decrease.

Production Possibilities

The various combinations of outputs that can be achieved with a given set of inputs and technology.