To which category of U.S. GDP expenditure does each of the following correspond? a. Department of Motor

Question:

To which category of U.S. GDP expenditure does each of the following correspond?
a. Department of Motor Vehicles services.
b. Automobiles exported to Europe.
c. A refrigerator.
d. A newly constructed four-bedroom house.
e. A restaurant meal.
f. Additions to inventory at a furniture store.
g. F-16 fighter jets built by a U.S. aerospace corporation and contracted for by the government.
h. A new steel mill.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

Question Posted: