Which of the following is an example of roundabout production?
a. Paul pays Ringo to wash his car.
b. A church has a bake sale to raise money for a new narthex.
c. Jane saves her money to buy a stereo.
d. Robinson Crusoe makes a fish net to help him catch more fish per day.
e. Business owners in Minneapolis buy blocks of Minnesota Twins baseball tickets to help guarantee that the team will stay in town.
D
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Inrecent years in China, the fraction of the population living below the international poverty line ($1.25 per person per day):
A. fell substantially. B. increased dramatically. C. increased more on average compare toother developing countries. D. fell to zero.
Intermediate goods and services are ________ production and ________ counted in GDP.
A. used up in the process of; are not B. used up in the process of; are C. the end products of; are D. the end products of; are not