ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Which items count as part of this year's
Group of answer choices
a. final goods [ Choose ] no yes
b. intermediate goods[ Choose ] no yes
c. newly produced final goods [ Choose ] no yes
d. the sale of new final goods [ Choose ] no yes
e. newly produced capital goods[ Choose ] no yes
f. used goods [ Choose ] no yes
g. services [ Choose ] no yes
h. government transfer payments [ Choose ] no yes
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- Which TWO of the following statements are correct? a. The value of unsold goods that have been produced over the year is not included in GDP. b. In most countries, consumers' expenditure is the biggest item in Gross Domestic Product. c. Government spending on goods and services does not add to Gross Domestic Product. d. Gross domestic product is a stock, not a flow. e. Gross Domestic Product measures the total final spending in the economy, or equivalently the total of incomes generated.arrow_forwardWhich of the following are included in the year’s GDP? which are excluded? Explain your answers Coca-Cola builds a new bottling unit in the United states. Income of a tax accountant working for H&R block. The value of car batteries used in production of electric cars.arrow_forwardNot a previously submitted/graded question.arrow_forward
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