Which of the following is a final good?
A) the memory chips in your new smart phone
B) a share of IBM stock
C) flour purchased at the store to bake cookies
D) flour used by the bakery to bake cookies
Correct Answer:
Verified
Q6: The calculation of the final goods and
Q7: If Nike, an American corporation, produces sneakers
Q8: Gross domestic product is a measure of
Q9: Intermediate goods are excluded from GDP because
A)
Q10: In the definition of GDP, "market value"
Q12: In the United States, GDP is typically
Q13: Which of the following expenditures associated with
Q14: GDP is defined as the market value
Q15: Gross domestic product
A) includes all the goods
Q16: In 2017, Ozzie purchased a 2014 Ford
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents