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 108 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
Great answer, keep it coming :)

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
An intermediate shaft drives the oil pump on this overhead camshaft engine. Note the main gallery ... An intermediate shaft drives the oil pump on this overhead camshaft engine. Note the main gallery ...
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library