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) i only
B) i and ii
C) i,ii and iii
D) i and iii
E) ii and iii
Correct Answer:
Verified
Correct Answer:
Verified
Q65: In the business cycle,what immediately precedes the
Q66: The calculation of GDP using the income
Q67: Which adjustment(s)must be made to convert net
Q68: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -The table above
Q69: GDP includes the goods and services produced<br>A)within
Q71: The value of leisure time is<br>A)included in
Q72: What would happen to measured GDP if
Q73: Total expenditure equals<br>A)C + I + G
Q74: In measuring GDP,which of the following is
Q75: Recently,the government made adjustments to how GDP