Marvin's Metal Company produces screws that it sells to Ford,which uses the screws as a component of its cars.In the national income accounts,the screws are classified as
A) inventory.
B) final goods.
C) capital goods.
D) intermediate goods.
Correct Answer:
Verified
Q23: GDP differs from GNP because
A)GDP = GNP
Q24: The income-expenditure identity says that
A)Y = C
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A)capital equipment
Q27: Capital goods are
A)not counted in GDP as
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Q31: Consumer spending is spending by _ households
Q32: Fred the farmer purchased five new tractors
Q33: Net national product equals
A)gross national product minus
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