An example of an intermediate good or service would be:
A) bricks bought by a homeowner for constructing a patio.
B) sacks of groceries bought by a dentist for his family.
C) a car bought by a household for commuting to work.
D) a desk bought by an accountant for her office.
Correct Answer:
Verified
Q18: The GDP is the:
A)monetary value of all
Q19: Gross domestic product (GDP) measures and reports
Q20: Welfare payments to families with dependent children
Q21: GDP includes:
A)neither intermediate nor final goods.
B)both intermediate
Q23: Value added refers to:
A)any increase in GDP
Q24: National income accountants can avoid multiple counting
Q25: Which is included in GDP?
A)used autos purchased
Q26: A business buys $5,000 worth of resources
Q27: GDP may be defined as:
A)the monetary value
Q152: Interest on the public debt is included
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