The Colorado Ski Shop sold 60 ski jackets to a Belgian company's headquarters located in Paris, France. The ski jackets are a
A) U.S. export good.
B) capital good.
C) government good.
D) U.S. consumption service.
E) U.S. import.
A
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Which of the following expenditures would be included in GDP for this year?
a. The purchase of a new car. b. The purchase of a new tire by General Motors for a new car. c. The purchase of a used car. d. All of these would be included.
In the circular flow model,
a. money flows from the firms to the households through the product market. b. money flows from the households to the firms through the product market. c. money flows from the households to the firms through the resource market. d. money flows from the households to the firms through both the product market and the resource market. e. resources flow to the households from the firms through the product market.