A final good or service is something that retains no value when factored into the GDP is not a component of another good or service O does not factor into the GDP O is the component for a final product
A final good or service is something that retains no value when factored into the GDP is not a component of another good or service O does not factor into the GDP O is the component for a final product
Survey of Economics (MindTap Course List)
9th Edition
ISBN:9781305260948
Author:Irvin B. Tucker
Publisher:Irvin B. Tucker
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 13SQ
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Transcribed Image Text:A final good or service is something that
O retains no value when factored into the GDP
O is not a component of another good or service
O does not factor into the GDP
is the component for a final product
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