Multiple Choice
How is gasoline treated in GDP terms?
A) It is counted as an intermediate good.
B) It is counted as a final good if a company uses it to provide transportation services.
C) It is counted as a final good if a consumer uses it to mow her yard.
D) It is counted as an intermediate good if a consumer uses it to mow a friend's yard without pay.
Correct Answer:
Verified
Correct Answer:
Verified
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