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Author Question: "Final goods and services" are those that are (Read 254 times)

jparksx

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on: Apr 19, 2019

Question 1

Gross domestic product calculations count only final goods and services because


◦ one cannot calculate the quantities of intermediate goods produced.
◦ it is difficult to measure the prices of intermediate goods produced.
◦ these are the only goods and services that are produced in an economy.
◦ counting all goods and services would lead to double-counting of many activities.

Question 2

"Final goods and services" are those that are


◦ double counted in the calculation of GDP.
◦ produced outside of the United States.
◦ used in the production of other goods and services.
◦ sold to the ultimate or final purchasers.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jparksx on Apr 19, 2019

milbourne11

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jparksx

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Reply #2 on: Apr 19, 2019
TY


milbourne11

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Reply #3 on: Apr 19, 2019
You're welcome


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