When Calculating GDP from the Expenditure Side,which of the Following

question 103

Multiple Choice

When calculating GDP from the expenditure side,which of the following is true of the investment component,I_a?

• A)it excludes expansions of existing factories
• B)it only includes business fixed investment
• C)it includes the transfer of houses between individuals
• D)it includes changes in inventories
• E)it only includes decumulation of inventories

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Definitions:

External Validity

The extent to which the results of a study can be generalized to other situations and to other people.

Random Error

Variability in data that arises from unpredictable fluctuations and inconsistencies in the measurement process.

Neuroscience Perspective

An approach that explores the structure and function of the nervous system, including the brain, to understand behavior, thought, and emotion.

Aggressive Acts

Acts characterized by hostility or violence towards others.