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Author Question: Which of the following would be counted as a final good for inclusion in GDP? a. A piece of glass ... (Read 50 times)

CORALGRILL2014

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on: Jun 30, 2018
Which of the following would be counted as a final good for inclusion in GDP?
 a. A piece of glass bought this year by a consumer to fix a broken window.
  b. A sheet of glass produced this year by Ford for windows in a new car.
  c. A tire produced this year and sold to a car maker for a new car sold this year.
  d. None of these would be counted in GDP.

Question 2

Gross domestic product is officially measured by adding together the:
 a. quantity of each good and service produced by U.S. residents.
  b. market value of all final goods and services produced within the borders of a nation.
  c. quantity of goods and services produced by companies owned by U.S. citizens.
  d. none of these.


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amandanbreshears

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


CORALGRILL2014

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Reply #2 on: Jun 30, 2018
Thank you


amandanbreshears

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Reply #3 on: Jun 30, 2018
No problemo


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