Which of the following expenditures is for an intermediate good?
A) The government buys new tires for its military vehicles.
B) A U.S. tire firm sells new tires to Canada.
C) General Motors buys new tires to put on the cars it's building.
D) You buy new tires for your used car.
Correct Answer:
Verified
Q2: GDP does not directly include intermediate goods
Q3: If Frito Lay, an American snack company,
Q4: Gross domestic product (GDP) measures the
A) number
Q5: The word "final" in the definition of
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"
Q11: Which of the following is a final
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