What is a 'final good'?
A) A good not used as an input in the production process
B) A natural resource used to produce a good
C) A good purchased as an input in the production process
D) A good used in the production of another good
Correct Answer:
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Q2: Gross domestic product is the total market
Q4: To calculate GDP using the value-added method,
Q8: Which of the following is included in
Q11: How is total production in the economy
Q12: What is subtracted from GDP to calculate
Q14: Which of the following transactions would be
Q14: Gross domestic product in the economy is
Q18: An example of an 'intermediate good' would
Q18: Macroeconomics involves the economic issues of
A) how
Q19: Which of the following is not one
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