Which of the Following Would Be Counted as a Final

question 71

Multiple Choice

Which of the following would be counted as a final good for inclusion in GDP?

• A)A piece of glass bought this year by a consumer to fix a broken window.
• B)A sheet of glass produced this year by Ford for windows in a new car.
• C)A tire produced this year and sold to a car maker for a new car sold this year.
• D)None of these would be counted in GDP.

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Definitions:

Stanford-Binet

A standardized test that assesses intelligence and cognitive abilities in both children and adults.

Mental Age

A measure of an individual's intellectual capacity compared to the average intellectual capacity for their actual chronological age.

IQ

A measure of a person's intelligence as indicated by an intelligence test, relative to the average performance of others in the same age group.

Culturally Fair

Describing tests, tasks, or procedures that are designed to be unbiased and equitable across different cultures or demographic groups.