New residential housing is counted in GDP as a(n):
A. durable consumption good.
B. household durable good.
C. investment good.
D. inventory expansion.
Answer: C
You might also like to view...
The Cournot Model of Oligopoly assumes that
A) firms decide what quantity to produce. B) firms make their decisions simultaneously. C) firms do not cooperate. D) All of the above.
A local cable company has its rates set at P = $15 by a regulatory commission. Its current output is 10,000 households and its costs are as follows: ATC = $17; AVC = $14; and MC = $15 . From this, we can tell that this is
a. a fair price, and the firm earns a normal profit b. a fair price, and the firm earns an economic loss c. marginal cost pricing, and the firm earns a normal profit d. marginal cost pricing, and the firm earns an economic loss e. the same price that an unregulated monopolist would charge