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Connect × | GDP estimates expenditure O ? |?https://newconnect.mheducation.com/flow/connect.h am Il (Topics 5-7 6 Save 4 GDP estimates expenditures for which of the following items Mutiple Choice 01515 do-it-yourself activities eBook psychic income people derive from their work household spending for health and home insurance improvemsnts n product quelity K Prev4c Type here to search ?:

Solution

Question 4

GDP estimates expenditures on final goods and services.

Household spending for health and home insurance is expenditure on final goods and services.

So, GDP estimate expenditures on household spending for health and home insurance.

Hence, the correct answer is the option (3) [household spending for health and home insurance].

Question 7

Investment in human capital implies expenditure that are incurred to increase knowledge level of individual and enable him or her to acquire new skills.

So,

When a firm pays for workers to take college classes then this is the example of an investment in human capital.

Hence, the correct answer is the option (2) [A firm pays for workers to take college classes].