Which of the following expenditures would be included in GDP for this year?
A) The purchase of a new car.
B) The purchase of a new tire by General Motors for a new car.
C) The purchase of a used car.
D) The purchase of an intermediate good.
Correct Answer:
Verified
Q4: Based on the circular flow model, goods
Q5: The circular flow model assumes:
A) businesses and
Q6: GDP:
A) is the dollar value of all
Q7: The circular flow of economic activity is
Q10: Which one of the following transactions would
Q10: Which of the following market transactions of
Q11: Economic values that are measured in units
Q12: Gross domestic product (GDP) includes:
A) intermediate as
Q13: Activities that are directly included in GDP
Q14: Which of the following expenditures would not
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