Which of the following do national income accountants consider to be investment?
A. The purchase of an automobile for private, nonbusiness use.
B. The purchase of a new house.
C. The purchase of corporate bonds.
D. The purchase of gold coins.
B. The purchase of a new house.
Economics
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When differences between nominal GDP and real GDP result due to price changes and nothing else is compared, an index is created called the
A) consumer price index. B) index of leading indicators. C) GDP deflator. D) inflation index.
Economics
In a flexible exchange-rate system, the value of a currency is determined by
A) the government. B) the intersection of the IS and LM curves. C) the demand and supply for the currency in the foreign exchange market. D) Swiss gnomes.
Economics