Which of the following will be categorized as an intermediate good in national income accounting?
A) The value of oregano used as a seasoning for pizzas
B) The crops consumed by a farmer's family members
C) The present value of a car produced a couple of years before
D) A clunker sold during the current year
E) The value of an antique piece of jewelry handed down over generations in a family
Correct Answer:
Verified
Q1: The term value added is used to
Q3: If the value of intermediate goods and
Q4: A soft-drink bottling company supplies six-packs of
Q5: When estimating GDP, changes in the level
Q6: National income accounting can best be characterized
Q7: Which of the following would be included
Q8: Identify the impact of an increase in
Q9: The figure given below shows the various
Q10: Which of the following accounts for the
Q11: To avoid double counting in calculating GDP,
A)net
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