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
Answer: A
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Which of the following statements is true?
A) The lower the risk in an investment, the higher is the expected return. B) The higher the risk in an investment, the higher is the expected return. C) The higher the principal amount of an investment, the lower the rate of interest offered on the investment. D) The higher the principal amount on the investment, the higher the rate of interest offered on the investment.
With a partial trade agreement
A) goods and services are allowed to cross boundaries without tariffs. B) two or more countries agree to liberalize trade in a selected group of categories. C) two or more countries set common tariffs toward non-members. D) two or more countries allow the free mobility of inputs such as labor and capital. E) two or more countries agree on establishing a common currency.