Multiple Choice
Which of the following correctly describes a final good?
i.A final good is bought by its final consumer.
ii.A final good can be used by a firm as a component of another good or service.
iii.Investment goods cannot be a final good.
A) ii and iii
B) i only
C) i and ii
D) i and iii
E) i, ii and iii
Correct Answer:
Verified
Correct Answer:
Verified
Q116: Net exports of goods and services is
Q117: Instead of taking the dirty laundry with
Q118: Nominal GDP measures the value of goods
Q119: When measuring GDP,<br>A)the government sector is not
Q120: Which of the following is NOT included
Q122: Adding wages, interest, rent, and profits yields<br>A)gross
Q123: If a firm does not sell all
Q124: In calculating GDP, economists<br>A)can measure either total
Q125: Babysitting services the oldest son provides his
Q126: Which of the following is likely to