The calculation of the final goods and services sold in an economy would NOT include
A) Ford Motor Companyʹs purchase of a new industrial robot to be used to produce cars.
B) General Motorsʹ purchases of tires for new automobiles.
C) the purchase of a service by a household.
D) the purchase of a lawnmower by a household.
Correct Answer:
Verified
Q7: A ton of coal purchased by your
Q8: Gross domestic product GDP) measures the
A) number
Q9: Gross domestic product GDP) is the_ in
Q10: If Nike, an American corporation, produces sneakers
Q11: Gross domestic product
A) includes all the goods
Q13: Gross domestic product is the total_produced within
Q14: In the definition of GDP, ʺmarket valueʺ
Q15: The word ʺfinalʺ in the definition of
Q16: GDP is defined as the market value
Q17: Gross domestic product is a measure of
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