The calculation of the final goods and services sold in an economy would NOT include
A) the purchase of a lawnmower by a household.
B) General Motors' purchases of tires for new automobiles.
C) Ford Motor Company's purchase of a new industrial robot to be used to produce cars.
D) the purchase of a service by a household.
Correct Answer:
Verified
Q1: Which of the following expenditures is for
Q2: GDP does not directly include intermediate goods
Q3: If Frito Lay, an American snack company,
Q4: Gross domestic product (GDP) measures the
A) number
Q5: The word "final" in the definition of
Q7: If Nike, an American corporation, produces sneakers
Q8: Gross domestic product is a measure of
Q9: Intermediate goods are excluded from GDP because
A)
Q10: In the definition of GDP, "market value"
Q11: Which of the following is a final
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