Multiple Choice
Which of the following is classified as a final good or service?
i. tires bought by GM to put on new Tahoes
ii. mustard bought by Subway to put on its sub sandwiches
iii. your purchase of online access to the Wall Street Journal
A) i, ii and iii
B) iii only
C) ii only
D) i and ii
E) ii and iii
Correct Answer:
Verified
Correct Answer:
Verified
Q52: Excluding household and underground production leads to<br>A)underestimation
Q53: Which of the following is NOT included
Q54: Because of the circular flows of expenditure
Q55: Economists define investment to include purchases of<br>A)capital
Q57: Expenditures in GDP do not include<sub>--------------------</sub><br>A)used goods
Q58: The expenditure approach to measuring GDP is
Q59: Investment includes<br>A)student purchases of laptops.<br>B)GM's purchase of
Q60: <span class="ql-formula" data-value="\begin{array} { l c c
Q61: <span class="ql-formula" data-value="\begin{array} { l c }
Q199: Gross Domestic Product equals<br>A)Y = C +