Which of the following would be counted as afinal good for inclusion in GDP?a. A piece of glass bought this year by a consumerto fix a broken window.b. A sheet of glass produced this year by Ford touse for windows in a new car.c. A tire produced this year and sold to a carmaker for a new car sold this year.d. None of the answers are correct.
Which of the following would be counted as afinal good for inclusion in GDP?a. A piece of glass bought this year by a consumerto fix a broken window.b. A sheet of glass produced this year by Ford touse for windows in a new car.c. A tire produced this year and sold to a carmaker for a new car sold this year.d. None of the answers are correct.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 2SCQ: Which of the following are included in GDP, and which are not? The cost of hospital stays The rise...
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Which of the following would be counted as a final good for inclusion in 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 to use 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 the answers are correct. |
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