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29 August, 09:55

According to the national spending approach, which of the following is counted in investment? a. a student pays for tuition at a university b. a retiree buys newly issued U. S. government bonds c. a college graduate buys a new car after graduating d. a restaurant buys a new wood-fired oven for baking pizzas

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  1. 29 August, 10:01
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    d. a restaurant buys a new wood-fired oven for baking pizzas

    Explanation:

    The national spending approach sometimes known as the spending approach. It is the method of finding out the GDP of a country by the calculating all the spending throughout the country which includes investment, consumption and spending.

    Thus in the context, a restaurant owner buying a new wooden fired oven used for baking pizzas is considered an investment as it contributes to the national GDP of the economy when someone buys a product.
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