A restaurant buys fish to offer as a daily menu special. The purchase of the fish by the restaurant is
A) an investment.
B) a consumption expenditure.
C) part of net exports if the fish were caught beyond Australia's borders.
D) an example of government expenditures on goods and services.
E) an intermediate good.
Correct Answer:
Verified
Q1: In calculating GDP, we must
A) add the
Q2: Net exports of goods and services are
Q3: If last year net exports of goods
Q5: In measuring GDP, which of the following
Q6: Which of the following is a final
Q7: How are final goods and services valued
Q8: Government expenditures on goods and services include
i.
Q9: Which of the following is included in
Q10: Which of the following is NOT directly
Q11: When measuring GDP,
A) only the federal government's
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