A 'final good' is one that is
A) used in the production of another good.
B) a natural resource used to produce a good.
C) purchased as an input in the production process.
D) not used as an input in the production process.
Correct Answer:
Verified
Q4: To calculate GDP using the value-added method,
Q5: How are 'intermediate goods' treated in the
Q8: Which of the following is included in
Q10: An example of an 'intermediate good' would
Q11: An example of a 'final good' would
Q14: Gross domestic product in the economy is
Q15: Which of the following issues would be
Q16: Which of the following transactions would be
Q18: Total production in the economy is measured
Q20: 'GDP' is:
A)the value of all final goods
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