Examlex

Solved

Which of the Following Is the Best Example of a Final

question 49

Multiple Choice

Which of the following is the best example of a final good or service?


Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Disinflation

A reduction in the rate of inflation

Underemployed

Refers to individuals working fewer hours than they would prefer, or in positions that don't fully utilize their skills and education.

Discouraged Workers

Individuals who have stopped looking for work because they believe there are no job opportunities available for them.

Related Questions