Prices for Which of the Following Are Included in the GDP

question 33

Multiple Choice

Prices for which of the following are included in the GDP deflator,but not included in the Consumer Price Index?

• A)firms' purchases of new equipment
• B)intermediate goods and services
• C)consumption of goods
• D)consumption of services

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Definitions:

Receivables Balance

Receivables balance refers to the total amount of money owed to a company by its customers for goods or services delivered on credit.

Accounts Receivable Period

The standard timeframe a company needs to gather owed payments from its customers.

Sales

The transactions involving the exchange of goods or services for money, representing the major source of revenue for a business.

Merchandise

Goods to be bought and sold in the course of business, typically in a retail or wholesale setting.