In the First Half of 2011,automobile Sales in the United

question 222

Multiple Choice

In the first half of 2011,automobile sales in the United States were lower than they were in the first half of 2010.The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses.

• A)nondurable goods;durable goods
• B)consumption;investment
• C)investment;consumption
• D)durable goods;nondurable goods

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Definitions:

Rockefeller

Refers to John D. Rockefeller, an American industrialist and philanthropist who played a significant role in the early petroleum industry and was considered one of the wealthiest individuals in history.

Kinsey

Refers to Alfred Kinsey, an American biologist and sexologist who founded the Institute for Sex Research at Indiana University and is known for his research on human sexuality.

Living Arrangements

The configuration of a household or living situation, including the individuals who share the space and their relationship to each other.

Children

Young human beings below the age of puberty or below the legal age of majority specified by law.