3. Which of the following is an example of a final good or service? a) wheat a bakery purchases to make bread b) coffee beans Starbucks purchases to make coffee c) lumber purchased by a construction company to be used in building houses d) a tractor purchased by a farmer to cultivate his farm

3. Which of the following is an example of a final good or service? a) wheat a bakery purchases to make bread b) coffee beans Starbucks purchases to make coffee c) lumber purchased by a construction company to be used in building houses d) a tractor purchased by a farmer to cultivate his farm

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Choose the correct answer:

3. Which of the following is an example of a final
good or service?
a) wheat a bakery purchases to make bread
b) coffee beans Starbucks purchases to make coffee
c) lumber purchased by a construction company to be
used in building houses
d) a tractor purchased by a farmer to cultivate his farm
4. Which of the following would be included in
GDP?
a) the purchase of a used car
b) the broker's fee one pays when purchasing stocks
c) the sale of Firestone tires to ford Motor Company
d) none of the above

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