A. Which expenditure category do each of the following items count in? Group of answer choices - (consumption, none, government spending, investment, net exports)you spend your tax refund on a new car built in America?                the government builds a new school?you sell a used textbook to your friend?Company X buys solar panels built in China? B.Which of the following is an example of a durable good?Group of answer choicesgasolinea televisionan ice cream conea pair of socks

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Asked Sep 30, 2019
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A. Which expenditure category do each of the following items count in? 

Group of answer choices - (consumption, none, government spending, investment, net exports)

you spend your tax refund on a new car built in America?                

the government builds a new school?

you sell a used textbook to your friend?

Company X buys solar panels built in China?

 

B.Which of the following is an example of a durable good?

Group of answer choices

gasoline

a television

an ice cream cone

a pair of socks

 

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Expert Answer

Step 1

A. To categories the given expenditures

  • You spend your tax refund on a new car built in America?                

It is a part of consumption expenditure as it is consumption by household on the purchase of goods and services.

  • The government builds a new school.

It is a part of government expenditure as it is the expenditure incurred by government to provide services for the welfare of soci...

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