Macroeconomics
Macroeconomics
10th Edition
ISBN: 9781319105990
Author: Mankiw, N. Gregory.
Publisher: Worth Publishers,
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Chapter 2, Problem 3QQ
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Classify the type of expenditure in the following transactions.   Tuition paid by your parents is _______. A new office building is _______.     A. consumption expenditure; consumption expenditure   B. investment; investment   C. government expenditure; investment   D. consumption expenditure; investment
Classify each of the following items as a final good or service or an intermediate good or service, and identify which is a component of consumption expenditure, investment, or government expenditure on goods and services. A. A new limousine for the president B. A DVD bought by a household C. Steel sheets bought by General Motors D. A new apartment building O 1. Ais a final good that is government expenditure, B is a final good that is consumption expenditure, C is an intermediate good, and D is a final good that is investment. O 2. A is an intermediate good, B is a final good that is investment, C is an intermediate good, and D is a final good that is investment. O 3. Ais a final good that is government expenditure, B is a final good that is consumption expenditure, Cis a final good that is consumption expenditure, and D is a final good that is consumption expenditure. O 4. Ais an intermediate good, B is a final good that is consumption expenditure, C is an intermediate good, and D is…
Which of the following is an example of an investment or I when computing the real GDP______? A. B. C. D. A new furnace that I purchased to make my house more energy efficient. Computer chips by Dell to install in their personal computers. A 20 year old apartment building. The purchase of a new home by a married couple.
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