Question

QUESTION 33

Which of the following is not a final good?

( )	a.	A new computer sold to a USC student.
( )	b.	A new car sold to Avis for use in their fleet of rental cars.
( )	c.	A purse sold to a foreign visitor.
( )	d.	A hot dog sold to a spectator at a USC football game.

1 points   [Save Answer]

QUESTION 34

When calculating the compensation of employees component of GDP

( )		Social security contributions must be included.
( )		Fringe benefits are not included.
( )		Taxes withheld on earnings are not included.
( )		The value of vacation time must be included.

1 points   [Save Answer]

QUESTION 35

The sum of compensation to employees, rental income, corporate profits, net interest and proprietor's income is

( )	a.	Gross domestic product.
( )	b.	Gross domestic income.
( )	c.	Net domestic income at factor cost.
( )	d.	Net domestic product.

1 points   [Save Answer]

QUESTION 36

You are given the following table of information:

Gross domestic product is

( )	a.	$1,920
( )	b.	$1,940
( )	c.	$2,150
( )	d.	$2,400
( )	e.	$2,440

1 points   [Save Answer]

QUESTION 37

Using the same table of information:

Gross domestic investment is

( )	a.	$250
( )	b.	$260
( )	c.	$410
( )	d.	$450
( )	e.	$460

1 points   [Save Answer]

QUESTION 38

The difference between valuing goods at their market prices and at their factor costs equals

( )	a.	depreciation.
( )	b.	exports.
( )	c.	personal taxes.
( )	d.	indirect taxes less subsidies.

1 points   [Save Answer]

QUESTION 39

The CPI basket contains 400 oranges and 800 pens. In the base year, the price of an orange is $1.00 and the price of a pen is $0.75. This year, urban consumers each buy 300 oranges at $2.00 each and 850 pens at $1.00 each The CPI this year is:

( )	a.	62.5
( )	b.	160
( )	c.	1.60
( )	d.	140

1 points   [Save Answer]

QUESTION 40

The bias in the CPI typically

( )		overstates inflation.
( )		cannot be measured or estimated.
( )		about half the time overstates adn half of the time understates the inflation rate.
( )		understates inflation.

1 points   [Save Answer]

1 points   [Save Answer]

Answer 1

Please post other question seperately as per HOMEWORKLIB POLICY.

Ok coming to question 33.

The correct answer is b)

Reason: Here there are two terms Final Goods and intermediate Goods, i.e goods consumed by final user is called consumer goods and intermediate goods are the one used in the manufacturing of final products,so using the above concept we can infer Avis sold its cars for rent and hence its not a final product.

Thank you :)