In the context of Gross Fixed Capital Formation (GFCF), which of the following statements is/are correct?
1. GFCF includes the acquisition of produced assets, including purchases of second-hand assets.
2. GFCF does not include the purchase of land and natural resources.
3. GFCF includes assets intended for use in the production of goods and services for a period of less than one year.
Select the correct answer using the code given below:
1
Only 1
2
Only 1 and 2
3
Only 2 and 3
4
All of the above