Which of the following would NOT be included in consumption expenditures when calculating GDP?
A) an individual's purchase of a new car
B) an individual's purchase of medical services
C) an individual's purchase of newly issued shares of IBM stock
D) an individual's purchase of legal services
Correct Answer:
Verified
Q221: An example of a nondurable good is
A)
Q222: Any use of today's resources to expand
Q223: An example of a durable good is
A)
Q224: An increase in fixed investment spending that
Q225: Which of the following is included in
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
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