Select the Appropriate Classification of the Output Generated by Each

question 135

Multiple Choice

Select the appropriate classification of the output generated by each of the following industries.
-Video rental

• A)Tangible
• B)Intangible

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Definitions:

Expected Price Level

Expected price level refers to the anticipation of people regarding the general price level of goods and services in the economy in the future.

Price Level

The general price level average of all goods and services in the economy currently.

Interest Rates

The cost of borrowing money or the return on saved money, usually expressed as a percentage of the amount borrowed or saved.

Investment

Investment is the act of allocating resources, usually money, with the expectation of generating an income or profit.