Items Bought by Businesses to Help Produce Other Goods and Services

question 13

Multiple Choice

Items bought by businesses to help produce other goods and services are called

• A) consumption goods and services.
• B) capital goods.
• C) government goods and services.
• D) exports of goods and services.
• E) productive goods.

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Definitions:

Money Market Account

A type of savings account that typically offers both higher interest rates and greater withdrawal flexibility compared to regular savings accounts.

Annual Rate

Typically refers to the yearly interest rate or yield on a financial product or investment.

Correcting Entries

Modifications applied to bookkeeping entries to correct mistakes or oversights.

Sales Revenue

Earnings accrued from the transactions of goods or services within a set period.