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:

Frequency

The rate at which a recurring event happens, typically measured over a particular period of time.

Amplitude

The maximum extent of a vibration or oscillation, measured from the position of equilibrium.

Size Constancy

The perceptual understanding that an object's size does not change, despite variations in the distance from the observer, ensuring a consistent perception of size.

Frequency

The rate at which a vibration occurs that constitutes a wave, either in a material (as in sound waves) or in an electromagnetic field (as in radio waves and light).