Which of the following is an example of an intermediate good?
A) a new boat purchased by your brother for vacation purposes
B) purchase of lumber by a property developer to be used in building a new house
C) payments to military personnel
D) a professor's salary
Correct Answer:
Verified
Q46: If exports are less than imports,
A)net imports
Q47: Social Security payments to U.S.citizens are called
A)transfer
Q48: Value added is defined as
A)the value of
Q49: A nation records a trade surplus when
A)net
Q52: The largest expenditure category in GDP is
A)government
Q53: The total volume of business sales in
Q54: A country's exports minus its imports measures:
A)
Q54: Which of the following would not be
Q55: Which of the following would not be
Q57: Goods and services produced abroad and sold
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