13. Which of the following is not included in investmentexpenditure?a) changes in business inventoriesb) the purchase of a new factoryc) the purchase of a new homed) the purchase of common stock16. Suppose that net national product in 2018 was $50billion and depreciation was $15 billion. Gross national product in2018 was:a) $35 billionb) -$35 billionc) $65 billiond) $55 billion

13)Purchasing would mean investment. Change in business inventories would not be included under…

3. Which of the following is not included in investment expenditure? a) changes in business inventories b) the purchase of a new factory c) the purchase of a new home d) the purchase of common stock 6. Suppose that net national product in 2018 was $50 billion and depreciation was $15 billion. Gross national product 2018 was: a) $35 billion b) -$35 billion c) $65 billion

3. Which of the following is not included in investment expenditure? a) changes in business inventories b) the purchase of a new factory c) the purchase of a new home d) the purchase of common stock 6. Suppose that net national product in 2018 was $50 billion and depreciation was $15 billion. Gross national product 2018 was: a) $35 billion b) -$35 billion c) $65 billion

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.7P

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