Determine Whether Each of the Following Outputs Is Considered an Intermediate

question 70

Short Answer

Determine whether each of the following outputs is considered an intermediate good,a final good,or neither for purposes of calculating GDP in the current year.
a.New tires put on a new Corvette at Big O Tire store
b.The net sales price of a home built in 1990 when it is resold in 1997
c.The commission earned by a stock broker on the sale of stock
d.The net price that is paid for 1000 shares of stock in Dell

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Definitions:

Sedimentary Rock

Rock formed by the accumulation and compaction of sediments, often containing fossils and layers that record Earth's history.

Loose Sediment

Unconsolidated particles of rock, soil, or minerals deposited by water, wind, or ice.

Sediment Production

The process of generating material, like sand, silt, and clay, that can be transported by water, wind, or ice, and deposited as sediment.

Chemical Weathering

Chemical reactions that affect a rock or other material by breaking down minerals and removing soluble material from the rock.