In the national income accounts, new investment goods are considered
a. intermediate goods, and therefore, not counted.
b. final goods.
c. subtractions from final output.
d. depreciated goods
b
Economics
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A company does not need to know the price of each resource it employs if it wants to determine whether or not it is achieving
A) technological efficiency. B) economic efficiency. C) accounting efficiency. D) managerial efficiency.
Economics
In the above figure, points u, v, y, and z show
A) an inefficient allocation of society's scarce resources. B) possible combinations of televisions and personal computers. C) a constant trade-off between televisions and personal computers. D) that society prefers more televisions than computers.
Economics