Which one of the following is a final good or service?
A) Microcomputer chips for a new computer
B) A radio bought by General Motors for use in its new line of cars
C) Chemical pesticides used by a farmer to control the incidence of crop disease
D) A will drawn up by your personal attorney
E) The lead added to gasoline to increase the octane rating
Correct Answer:
Verified
Q113: Gross investment refers to
A)net investment plus net
Q114: GDP is $7 trillion.If consumption is $4.2
Q115: The sale of a used 1999 automobile
Q116: The term "final goods and services" refers
Q117: Gross Domestic Product is a measure of
Q119: Historically,real GDP has risen less rapidly than
Q120: National income is
A)the total earnings of all
Q121: If real GDP increases and the price
Q122: In any given year which of the
Q123: Payments for goods and services that will
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