Your aunt, who lives in Royal Oak decides to buy a new, American made dress. In GDP accounting this expenditure counts as Question 5 options: a) export spending b) investment spending c) consumption spending d) government spending

Your aunt, who lives in Royal Oak decides to buy a new, American made dress. In GDP accounting this expenditure counts as Question 5 options: a) export spending b) investment spending c) consumption spending d) government spending

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

Your aunt, who lives in Royal Oak decides to buy a new, American made dress. In GDP accounting this expenditure counts as

Question 5 options:

a)	export spending

b)	investment spending

c)	consumption spending

d)	government spending

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