Which of the following is included in the gross domestic product for an economy in a given year?
A) The value of intermediate goods produced in that year.
B) The value of used goods sold in that year.
C) The value of final goods produced in that year.
D) All of the above would be included in the gross domestic product for an economy in a given year.
Correct Answer:
Verified
Q3: Gross national income (GNI)is defined as the
Q4: To calculate GDP using the value-added method,
Q5: How are 'intermediate goods' treated in the
Q6: Which of the following is not one
Q7: What is a 'final good'?
A)a good not
Q9: Which of the following transactions would be
Q10: How is total production in the economy
Q11: An example of a 'final good' would
Q12: A truck that is produced in 2018
Q13: A company named Home Depot sells new
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