The following are examples of final goods in national income accounting, except
A) lumber and steel beams purchased by a construction company.
B) a tractor purchased by a construction company.
C) a laptop computer purchased by an executive for personal use.
D) a desktop computer purchased by an executive for business use.
Correct Answer:
Verified
Q157: All expenditures on new construction are included
Q158: In determining GDP by the expenditures method,
Q159: Exports are subtracted from imports in calculating
Q160: GDP tends to
A) overstate economic welfare because
Q161: Real GDP accounts for changes in product
Q163: Which of the following is a primary
Q164: An example of final goods in national
Q165: Welfare payments to low-income families are included
Q166: Gross output (GO) reflects the overall status
Q167: An example of intermediate goods would be
A)
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