This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following will be categorized as an intermediate good in national income accounting? ... (Read 80 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
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 ago
  d. A clunker sold during the current year
  e. The value of an antique piece of jewelry handed down over generations in a family

Question 2

If the value of intermediate goods and services are included in GDP, then:
 a. GDP would be understated.
  b. GDP would act as a true indicator of economic welfare.
  c. there would be double-counting.
  d. it would lead to depreciation.
  e. GDP would be able to give an exact estimate of the inventory in an economy.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dominiqueenicolee

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


shenderson6

  • Member
  • Posts: 573
Reply 2 on: Jun 30, 2018
Excellent

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

The USGS National Shaking Hazard Map The USGS National Shaking Hazard Map
Horngren's Accounting, 11th Edition Horngren's Accounting, 11th Edition
Accounting Question Accounting Question
Video: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library