If your grandparents buy a new retirement home, this transaction would be counted in what component of GDP? Consumption Investment Government purchases None of the above.
If your grandparents buy a new retirement home, this transaction would be counted in what component of GDP? Consumption Investment Government purchases None of the above.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
Section: Chapter Questions
Problem 5CQQ
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3. If your grandparents buy a new retirement home, this transaction would be counted in what component of
- Consumption
- Investment
- Government purchases
- None of the above.
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