Suppose that steel produced this year is used to produce a car sold next year. The value of the steel ________ included in GDP this year as ________

A) is; an intermediate good
B) is not; an intermediate good
C) is; an adjustment to inventories
D) is not; an adjustment to inventories

C

Economics

You might also like to view...

What is the Sherman Act and what is its purpose?

What will be an ideal response?

Economics

The three main monetary policy instruments are

A. the money supply, the market interest rate, deposit insurance B. open market operations, reserve requirement ratio, the discount rate C. open market operations, deposit insurance, the money supply D. open market operations, reserve requirement ratio, the market interest rate

Economics