Which of the Following Would Be Counted as a Final

question 92

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 the above would be counted in GDP.

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Definitions:

Coefficient Of Variation

A consistent way to quantify the variability of a probability or frequency distribution, represented as a proportion of the mean.

Range

The gap between the maximum and minimum numbers within a dataset.

College Student

An individual who is enrolled in and attending courses at a college or university.

Interquartile Range

A measure of variability, calculated as the difference between the upper and lower quartiles, indicating the spread of the middle 50% of the dataset.