For each form of private spending, indicate whether it represents consumption or investment. Private Spending Consumption Investment Firms buying computers Firms buying soft drinks for a holiday party Firms building new factories People buying washing machines For each form of government spending, indicate whether it represents consumption or investment. Government Spending Consumption Investment Building tunnels Buying medical equipment Building roads Payment for public safety employees

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A: GDP deflator can be calculated by using the following formula.

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A: The gross domestic product refers to the total amount of all the final goods and services produced…

Q: Which of the following best characterizes the circular flow of income? Businesses buy resources from…

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Q: The following data about a hypothetical economy are in billions of dollars. Personal Consumption…

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Q: What is usually the smallest component of spending in GDP in Australia?   A) Consumption spending…

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Q: $Millions GDP at market prices  1,669.4 Imports  290.5 Gross domestic Capital Formation 48.7 Income…

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