Determine whether each of the following outputs is considered an intermediate good,a final good,or neither for purposes of calculating GDP in the current year.
a.New tires put on a new Corvette at Big O Tire store
b.The net sales price of a home built in 1990 when it is resold in 1997
c.The commission earned by a stock broker on the sale of stock
d.The net price that is paid for 1000 shares of stock in Dell

Question

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The Answer of Determine whether each of the following outputs is considered an intermediate good,a final good,or neither for purposes of calculating GDP in the current year.
a.New tires put on a new Corvette at Big O Tire store
b.The net sales price of a home built in 1990 when it is resold in 1997
c.The commission earned by a stock broker on the sale of stock
d.The net price that is paid for 1000 shares of stock in Dell

Determine Whether Each of the Following Outputs Is Considered an Intermediate