Which of the following purchases is an example of an intermediate product?
A) tires by Ford Motor Company to put on the CEO's Lincoln
B) by Enrique as inventory at his repair shop
C) tires by Ford Motor Company to put on its Ford Explorers
D) tires by Cheryl to put on her 1983 Mercedes
Correct Answer:
Verified
Q3: How is GDP defined?
A)as the national income
Q4: What does GDP measure?
A)the value of all
Q5: What is included in the calculation of
Q6: What do final goods or services used
Q7: Which of the following best describes intermediate
Q9: What does GDP calculate?
A)the total revenue received
Q10: Which of the following is NOT part
Q11: Which of the following accurately describes GDP?
A)the
Q12: Which of the following examples would NOT
Q13: What does GDP NOT directly include?
A)the value
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