Which of the following is an example of the gross private domestic investment component of Gross Domestic Product (GDP)?
A) You buy a share of GM stock.
B) GM buys a new drill press.
C) You put money into your savings account.
D) You put money into your checking account.

Question

Quizplus · Accepted Answer

Gross private domestic investment includes purchases of capital goods by businesses, such as the new drill press purchased by GM. Choices A, C, and D do not represent investment in the production of goods or services.

Which of the Following Is an Example of the Gross