Ted moves into his first apartment. He buys a barely used washer/dryer set from Craigslist and hires a company to pick it up and deliver it to his apartment. What about this transaction will be counted in GDP?

A. The value of the delivery service
B. The value of the washer/dryer set and the delivery service
C. Nothing about this transaction will count toward GDP
D. The value of the washer/dryer set

Answer: A

Economics

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Aggregate expenditure equals

a) C+I+G+X-M b) C+I+G+X+M c) C+I+G d) C+I+G+X

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If there are strong expectations of future economic growth in Cuba, then the

a. Cuban economy will move to the right along its existing consumption curve b. Cuban economy will move to the left along its existing consumption curve c. consumption curve in Cuba will shift downward d. consumption curve in Cuba will shift upward e. investment curve in Cuba will shift upward

Economics