Multiple Choice
Which of the following describes an intermediate input?
A) A business-to-business sale where the product is used in the production process.
B) A business-to-consumer sale included in the GDP.
C) A wholesale transaction.
D) The production of a good that has not yet been sold or delivered.
Correct Answer:
Verified
Correct Answer:
Verified
Q53: In 2010,the United States imported about _
Q54: One of the only purchases a business
Q55: The GDP includes government consumption such as<br>A)
Q56: Personal consumption accounted for $10.3 billion in
Q57: Net exports are<br>A) exports divided by population.<br>B)
Q58: What six items make up the gross
Q59: Which of the following is the correct
Q60: The GDP does not include the nonmarket
Q61: Official GDP numbers do not include the
Q63: Using the GDP to measure the economy