Which of the following purchases is included in the calculation of gross domestic product?
a) a used economics textbook from the bookstore
b) new harvesting equipment for the farm
c) 1,000 shares of stock in a computer firm
d) a car produced in a foreign country
e) government bonds issued by a foreign firm
Ans: b) new harvesting equipment for the farm
Economics
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The purchasing power of money decreases as the price level increases
Indicate whether the statement is true or false
Economics
Using the table above, if the current market value of the dollar is 70 francs
A) investor A expects dollar appreciation, but B and C expect depreciation. B) investor A expects dollar depreciation, but B and C expect appreciation. C) all three investors expect the dollar to appreciate. D) all three investors expect the dollar to depreciate.
Economics