Intermediate goods are goods and services used: a. by the ...

[Chelseaamend]

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.

[joanwhite]

Answer to Question 1

c

Answer to Question 2

a

[Chelseaamend]

Thanks for the timely response, appreciate it

[nanny]

Excellent