"Final Goods and Services" Are Those That Are

question 33

Multiple Choice

"Final goods and services" are those that are

• A) produced outside the United States.
• B) used in the production of other goods and services.
• C) double counted in the calculation of GDP.
• D) sold to ultimate or final purchasers.

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Definitions:

Judicial Review

The power of courts to assess the constitutionality of laws and actions of the executive and legislative branches.

Constitutionality

The quality of being in accordance with the Constitution or governed by its principles.

Interstate Commerce

Trade, traffic, or transportation involving the passage of goods, services, money, or people across state lines within the United States.

Economic Development

Activities and policies aimed at improving the economic well-being and quality of life of a community or country, including job creation, infrastructure improvements, and business support.