A consumer good that has a life span of more than three years is a(n)
A) durable consumer good.
B) nondurable consumer good.
C) service.
D) investment.
Correct Answer:
Verified
Q227: When economists refer to investment expenditures they
Q228: Fixed investment is
A) the change in stocks
Q229: An increase in net exports
A) causes GDP
Q230: In calculating GDP, your tuition expenditures at
Q231: Suppose a firm purchases new equipment to
Q233: A nondurable good
A) has a life span
Q234: Capital purchases by businesses of newly produced
Q235: Durable consumer goods are goods that last
Q236: Changes in the stocks of finished goods
Q237: A consumer good that is used up
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