Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

question 7 1 pts investment (i) includes: the amount spent on new facto…

Question

question 7
1 pts
investment (i) includes:
the amount spent on new factories and machinery.
the amount spent on stocks and bonds.
the amount spent on consumer goods that last more than one year.
the amount spent on purchases of art.
question 8
1 pts
for most high - income countries of the world, gdp ____________ over time.
has proven to be stable
has risen gradually
has declined slightly
has sharply risen

Explanation:

Response
Question 7
Brief Explanations

In economics (a subfield of Business), investment (I) in the GDP calculation refers to spending on capital goods that are used to produce other goods or services. Spending on new factories and machinery is investment as it's for production. Spending on stocks/bonds is financial investment (not part of GDP's I), consumer goods (even durable) are consumption, and art purchases are typically consumption or investment in a non - GDP - I sense.

Brief Explanations

For most high - income countries, GDP generally shows a long - term trend of gradual growth. It's not usually stable (as economies grow over time), it doesn't decline slightly (in the long run for high - income, stable economies), and "sharply risen" is not typical as growth is more gradual due to factors like technological progress, population growth (to an extent), and capital accumulation over time.

Answer:

the amount spent on new factories and machinery.

Question 8