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Introduction To Micro Economics (Econ 1000) Quiz 1 and 2

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Sandra Watson
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when we use ppp we can make valid international comparisons of real gdp because​ ______.

University

York University

Gross domestic product
(GDP)
is the market value of all the _____ goods and services produced _____ a country in a given time period.
C.
final; within
Your answer is correct.
Which of the following is an example of a final good or
service?
B.
Dan bought a Toyota Camry.
Your answer is correct.
Which of the following is an example of an intermediate good or
service?
B.
Samsung buys compressors for manufacturing refrigerators.
Your answer is correct.
Which of the following is an example of consumption
expenditure?
D.
Rachel buying a TV.
This is the correct answer.
Which of the following is an example of
investment?
A.
WestJet buying Airbus planes

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Introduction To Micro Economics (Econ 1000) Quiz 1 and 2

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