The value of all of the following goods EXCEPT _____ is included in the calculation of aggregate output.
A) Firestone tires sold at your local garage
B) a new shower installed in a 1920s house
C) the six-CD player replacing the factory-mounted radio-cassette player in your car
D) the tires on brand-new Volvo station wagons
Correct Answer:
Verified
Q137: In the United States:
A) GNP is about
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Q144: Use the following to answer questions :
Table:
Q144: Real GDP is nominal GDP adjusted for:
A)
Q145: Aggregate output is:
A) equal to consumer spending
Q145: An increase in the value of GDP
Q151: Use the following to answer questions :
Table:
Q152: The scale most often used to compare
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Q160: The total value of all final goods
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