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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

  1. 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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