Author Question: Intermediate goods are goods and services used: a. by the ultimate user. b. by state and local ... (Read 107 times)

Chelseaamend · **on:** Jun 30, 2018

Intermediate goods are goods and services used:
a. by the ultimate user.
b. by state and local governments.
c. as inputs.
d. both as inputs and final goods.

Question 2

Which of the following expenditures would be included in GDP for this year?
a. The purchase of a new car.
b. The purchase of a new tire by General Motors for a new car.
c. The purchase of a used car.
d. All of these would be included.