Which of These Goods Is a Final Good That Would

question 177

Multiple Choice

Which of these goods is a final good that would be counted in GDP in the year it is produced?

• A) tomatoes used by an Italian restaurant
• B) wood used for making furniture
• C) an oven for installation in a bakery
• D) a computer chip used in a laptop computer

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Definitions:

Whistle-Blowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.

Liability Law

The area of law that deals with legal responsibilities and obligations.

Danger Symbols

Visual signs or icons used to warn people of potential hazards or dangerous conditions.

Fair-Use Concept

A legal principle that permits limited use of copyrighted material without permission for purposes like criticism, commentary, or education.