Question
Question 1 1pts Lawn mowers purchased by Cut-rite Mowers Company is classified as: Group of answer choices Intermediate Good. Final Good. No answer text provided.
Question 1
1pts
Lawn mowers purchased by Cut-rite Mowers Company is classified as:
Group of answer choices
Intermediate Good.
Final Good.
No answer text provided.
No answer text provided.
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Question 2
1pts
Flowers purchased by homeowner Lenny Davis:
Group of answer choices
Intermediate Good.
Final Good.
No answer text provided.
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Question 3
1pts
Chemicals purchased by Green Grass Lawn Care company is classified as:
Group of answer choices
Intermediate Good.
Final Good.
No answer text provided.
No answer text provided.
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Question 4
1pts
A Stock broker makes a brokerage income of $1000 selling stock.
Group of answer choices
Included in GDP.
Not included in GDP.
No answer text provided.
No answer text provided.
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Question 5
1pts
Contra Costa College purchases an old building for admiration work.
Group of answer choices
Included in GDP.
Not included in GDP.
No answer text provided.
No answer text provided.
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Question 6
1pts
John pays $1500 to Auto Body Shop to repair his old car.
Group of answer choices
Included in GDP.
Not included in GDP
No answer text provided.
No answer text provided.
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Question 7
1pts
Suppose a firm used $1200 worth of resources and firm's total sales is equal to $2000. The value added by the company is:
Group of answer choices
$800
$2000
$1200
$600
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Question 8
1pts
Suppose a hypothetical nation has following statistics. All figures are in billions.
Net Private Domestic Investment
$ 30
Net Exports
$ 5
Personal Consumption expenditure
$ 350
U.S. Exports
$ 20
Gross Private Domestic Investment
$ 60
Government Purchases
$ 80
This nation's GDP is equal to:
Group of answer choices
$495
$510
$505
$465
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Question 9
1pts
Given the information in question 8: The net domestic product of this nation is equal to:
Group of answer choices
$465
$550
$500
$400
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Question 10
1pts
Suppose a nation's value exports is $50 billion, and value of imports is $70 billion. Net exports of this nation is equal to:
Group of answer choices
-$20
$20
-$120
$120
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Public Relations
Authors: Tom Kelleher
1st Edition
0190201479, 9780190201470
