Determine Whether Each of the Following Outputs Is Considered an Intermediate

question 70

Short Answer

Determine whether each of the following outputs is considered an intermediate good,a final good,or neither for purposes of calculating GDP in the current year.
a.New tires put on a new Corvette at Big O Tire store
b.The net sales price of a home built in 1990 when it is resold in 1997
c.The commission earned by a stock broker on the sale of stock
d.The net price that is paid for 1000 shares of stock in Dell

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another.

Cash Inflows

The sum of funds entering a company, usually from operational, investment, and financial activities.

Exchange Rate

The worth of one currency when converted into another.

Inflation Rate

The rate of increase in the general price level for goods and services, undermining consumer purchasing ability.