Which of the following is the best example of an intermediate good?
A) a new fighter jet purchased by the federal government
B) tires purchased by an automobile manufacturer for installation on new cars
C) a new saw purchased by a carpenter
D) screwdrivers purchased by a homeowner for home repairs
E) aprons purchased by restaurant chefs
Correct Answer:
Verified
Q7: In 2008,the nominal GDP of the United
Q8: The sale of which of the following
Q9: When people buy land,their purchases are included
Q10: GDP measures the output produced within a
Q11: This year,Tom sold his 1998 minivan to
Q13: Which of the following units is used
Q14: GDP is a flow variable because it
Q15: When measuring GDP,economists count only the values
Q16: The precise definition of GDP is the
Q17: Used car dealerships add nothing to GDP
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