Which of the following expenditures is for an intermediate good?
A) The government buys new tyres for its military vehicles.
B) Holden buys new tyres to put on the cars it's building.
C) You buy new tyres for your used car.
D) An Australian tyre firm sells new tyres to Indonesia.
Correct Answer:
Verified
Q5: In the national income accounts, government expenditure
Q6: Which of the following items is NOT
Q7: The difference between gross investment and net
Q8: In the circular flow model of an
Q9: Real GDP can be criticised as a
Q11: Consumption expenditure is the payment by households
Q12: The business cycle is the
A)irregular fluctuations of
Q13: Suppose XYZ Ltd. buys a new copier
Q14: A trough is the
A)upper turning point of
Q15: Real GDP is not a perfect indicator
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