Question
Which of the following is NOT a final good? _____Replacement tires sold at a car dealership _____Shoelaces included with a pair of shoes _____Ice cream
- Which of the following is NOT a final good?
_____Replacement tires sold at a car dealership
_____Shoelaces included with a pair of shoes
_____Ice cream
_____Sprinkles for ice cream bought at the store
2. Suppose that the government purchases $50 million worth of computers from China. Which of the following GDP accounts will be affected?
_______Consumption
_______Investment
_______Government Purchases
_______Net Exports
3.Economic____________ (growth/development)is the process by which a country's GDP increases over time, and it is caused by investments in_________ (human/physical)capital. Economic___________(growth/development)is the process by which a country's standards of living increase over time, and it is caused by investments in__________(human/physical)capital such as health and education. However, no country experiences economic__________(growth/development)without first having economic____________(growth/development)
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