Which of the following is an example of an intermediate product?
A) A pair of skis sold by a sporting goods retailer to a skier
B) A share of IBM stock
C) The lumber produced by Boise Cascade and sold to a builder of old houses
D) An antique car sold to the highest bidder
Correct Answer:
Verified
Q49: For the purposes of calculating GDP, investment
Q50: GDP is a:
A)stock concept and refers to
Q51: Great Basin National Park, the only national
Q52: Government purchases that are counted as part
Q53: The value of intermediate goods is:
A)included in
Q55: The reason economists include only the value
Q56: Value added is calculated by:
A)subtracting the cost
Q57: Double counting in the national income accounts
Q58: Suppose the value of your home increases
Q59: Double counting in the national income accounts
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