Janet bought flour and used it to bake bread she ate.ABC Bakery bought flour which it used to bake bread that customers purchased.In which case will the flour be counted as a final good?
A) Janet's purchase and ABC Bakery's purchase.
B) ABC Bakery's purchase but not Janet's purchase.
C) Janet's purchase but not ABC Bakery's purchase.
D) Neither Janet's purchase nor ABC Bakery's purchase.
Correct Answer:
Verified
Q43: Which of the following transactions is not
Q44: Transactions involving items produced in the past,such
Q45: Suppose there are only two firms in
Q46: An automobile factory in Michigan uses $100,000
Q47: A newspaper article informs you that most
Q49: In 2014,a farmer grows and sells $3
Q50: A U.S.-owned car factory in Mexico produces
Q51: A painter pays $500 for paint he
Q52: Wholesome Wheat Bakery buys $10.00 worth of
Q53: Which of the following domestically produced items
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents