When John buys new tires for his car it ________,and when Ford buys tires to put on new cars it ________.
A) does not count toward GDP; does not count toward GDP
B) does not count toward GDP; counts toward investment
C) counts toward consumption; counts toward investment
D) counts toward consumption; does not count toward GDP
E) counts toward investment; counts toward investment
Correct Answer:
Verified
Q52: Farmer Bill grows wheat and sells it
Q53: Company X sells paper to company Y
Q54: The percent change in the overall level
Q55: A company produces a computer.It pays $100
Q56: To avoid double counting when calculating gross
Q58: Consider the following data, which shows the
Q59: To determine a value for gross domestic
Q60: Farmer John produces oranges.He sells half of
Q61: An example of an intermediate good would
Q62: Consumption is approximately _ of gross domestic
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents