5. Which of the following is an example of an intermediate good? a) the dough you buy to fix yourself a pizza for dinner b) the chocolate you buy to make yourself some cookies c) the pizza sauce you purchase to make pizzas to sell for a fund-raiser for an organization you belong to d) none of the above
5. Which of the following is an example of an intermediate good? a) the dough you buy to fix yourself a pizza for dinner b) the chocolate you buy to make yourself some cookies c) the pizza sauce you purchase to make pizzas to sell for a fund-raiser for an organization you belong to d) none of the above
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:5. Which of the following is an example of an
intermediate good?
a) the dough you buy to fix yourself a pizza for
dinner
b) the chocolate you buy to make yourself some
cookies
c) the pizza sauce you purchase to make pizzas to
sell for a fund-raiser for an organization you
belong to
d) none of the above
6. Double counting can be avoided by:
a) including the value of intermediate goods in the current year.
b) not counting the value of intermediate goods in GDP.
c) including the value of intermediate goods in the GNP but not in
the GDP.
d) including the value of intermediate goods in the production year
but not in the selling year of those goods.
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