How Is Gasoline Treated in GDP Terms

question 154

Multiple Choice

How is gasoline treated in GDP terms?

• A) It is counted as an intermediate good.
• B) It is counted as a final good if a company uses it to provide transportation services.
• C) It is counted as a final good if a consumer uses it to mow her yard.
• D) It is counted as an intermediate good if a consumer uses it to mow a friend's yard without pay.

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Definitions:

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