Component of private investment expenditure
The largest component of private investment expenditure is
a) inventories
b) the capital stock
c) new home construction
d) purchases of newly-produced plant and equipment purchases
e) government investment in private industries
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Jeng-Mei Chen, Inc., an upscale Manhattan restaurant, would like to generate a sales forecast based on the assumption that next year sales are a function of current income, advertising, and advertising by a competing restaurant:
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