Gross private domestic investment (I) does not include:O spending on company's supplies.spending on new houses.O spending to build up inventories.O spending on employees' salaries. The University of Chicago, a privately-owned school, is currently building a new hospital. This willbe classified in U.S. GDP asbecauseO consumption; it-will provide medical services to consumersO net exports; most construction workers are foreignersO government purchases; the construction constitutes government expenditureO investment; it increases the capital stock

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Gross private domestic investment (I) does not include: O spending on company's supplies. O spending on new houses. spending to build up inventories. O spending on employees' salaries.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Gross private domestic investment (I) does not include:
O spending on company's supplies.
spending on new houses.
O spending to build up inventories.
O spending on employees' salaries.

The University of Chicago, a privately-owned school, is currently building a new hospital. This will
be classified in U.S. GDP as
because
O consumption; it-will provide medical services to consumers
O net exports; most construction workers are foreigners
O government purchases; the construction constitutes government expenditure
O investment; it increases the capital stock

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