Which of the following is a final good or service?
A) A haircut purchased by a father for his 12 year-old son.
B) Fertilizer purchased by a farm supplier.
C) Diesel fuel bought for a delivery truck.
D) Chevrolet windows purchased by a General Motors assembly plant.
Correct Answer:
Verified
Q2: The system that measures the economy's overall
Q3: By summing the dollar value of all
Q5: Suppose the total monetary value of all
Q5: Arthur sells $100 worth of cotton to
Q8: A nation's gross domestic product (GDP):
A) is
Q10: GDP is the
A)national income minus all nonincome
Q16: Gross domestic product (GDP) measures and reports
Q17: Tom Atoe grows fruits and vegetables for
Q18: National income accountants can avoid multiple counting
Q20: Suppose Smith pays $100 to Jones.
A) We
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