Which of the following purchases would be counted as a final good in the GDP calculation?
A) A family's purchase of a used car.
B) A speculator's purchase of 100 shares of Apple Computer stock.
C) A deli's purchase of bread for making its sandwiches.
D) A business's purchase of new office equipment.
Correct Answer:
Verified
Q2: Payments to households not in exchange for
Q3: GDP is a measure of:
A) domestic production.
B)
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
Q9: Which of the following expenditures would be
Q10: Which one of the following transactions would
Q10: Which of the following market transactions of
Q11: Economic values that are measured in units
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