A final good or service is something thatO retains no value when factored into the GDPO is not a component of another good or serviceO does not factor into the GDPis the component for a final product

Answer: Option B (is not a component of another good or service) Explanation: A final good or…

A final good or service is something that retains no value when factored into the GDP is not a component of another good or service O does not factor into the GDP O is the component for a final product

A final good or service is something that retains no value when factored into the GDP is not a component of another good or service O does not factor into the GDP O is the component for a final product

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter13: Measuring The Economy's Performance

Section: Chapter Questions

Problem 10AA

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Question

A final good or service is something that
O retains no value when factored into the GDP
O is not a component of another good or service
O does not factor into the GDP
is the component for a final product

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