Which of the following expenditures associated with the production of a new high- performance SUV will be directly included in GDP?
A) the purchase of used welding robots to assemble to vehicles
B) the purchase of new machine tools to manufacture the engines
C) the sale of bonds to finance the construction of the assembly plant
D) the purchase of new tires to be installed on the new vehicles
Correct Answer:
Verified
Q1: A loaf of bread purchased by one
Q3: Gross domestic product
A) includes all the goods
Q4: If Nike, an American corporation, produces sneakers
Q5: A ton of coal purchased by your
Q6: GDP does not directly include intermediate goods
Q7: Gross domestic product (GDP) measures the
A) number
Q8: The word "final" in the definition of
Q9: Intermediate goods are excluded from GDP because
A)
Q10: Double counting (counting the same thing twice)
Q11: The calculation of the final goods and
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