Suppose that steel produced this year is used to produce a car sold next year.The value of the steel ________ included in GDP this year as ________.
A) is;an intermediate good
B) is not;an intermediate good
C) is;an adjustment to inventories
D) is not;an adjustment to inventories
Correct Answer:
Verified
Q30: Which of the following government outlays would
Q31: In calculating GDP,"transfer payments" are
A)included because they
Q32: Table 2-1 Q33: Adding up all transactions in the economy Q34: By definition,when the economy is in equilibrium Q36: Which of the following is NOT an Q37: An intermediate good is
A)always counted when measuring
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