What is investment? A. Expenditure on goods produced but not consumed during the period under considera B. Expenditure on goods produced and consumed during the period under consideration C. Expenditure on goods by the government. D. Expenditure on wages
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- Final goods and services a. Are only foods and services consumed by people b. Are goods and services tht are produced by firms, not individuals c. Include capital and investories d. Do not include inventories but include capitalWhich of the following is NOT accounted in the expenditure approach? a. Food b. Furniture c. Used cars d. EducationOne of the following best explains consumption spending Select one: a. Spending on final consumer goods b. Spending on capital goods c. None of the option are correct d. Spending on infrastructure
- How much are they spending for the products of the country. a. consumption b. investment c. gross national product d. all of the above4. A(n) shows the relationship between national income (GDP) and total spending a) balance sheet b) expenditure schedule c) consumption curve d) demand scheduleAssume the economy experiences an increase in non-market transactions and a decrease in market transactions. Which of the following is true? A. GDP will increase B. The productive activity has increased. C. GDP will decrease D. The market value of services will increase.
- Which one of the following is NOT a possible relationship between income and spending Select one: a. Income equals the level of spending b. Spending is higher than income c. None is a relationship d. Income is higher than spendingWhat is the relationship between income and consumption?The part of income which is not consumed is called ________
- 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 textbook bought by a student B. A computer purchased for a senator's office C. New cars bought by Hertz, the car rental firm D. Aluminum sheets bought by Boeing 1. A is a final good that is consumption expenditure, B is a final good that is government expenditure, C is a final good that is investment, and D is an intermediate good. 2. A is a final good that is investment, B is an intermediate good, C is a final good that is investment, and D is an intermediate good. 3. A is a final good that is consumption expenditure, B is an intermediate good, C is a final good that is consumption expenditure, and D is a final good that is investment. 4. A is a final good that is consumption expenditure, B is a final good…For a consumption dependent economy like Malaysia and the United States, which factor contributes most to their GDP? a. Government spending b. Gross private domestic consumption c. Foreign direct investments d. Net exportsIn the circular flow of income and spending:(a) Investment results in a decrease in the volume of the income flow;(b) Savings result in an increase in the volume of the income flow;(c) Taxes result in an increase in the volume of the income flow;(d) Imports result in a decrease in the volume of the income flow. choose one