Excel Vehicles, Inc

question 46

Multiple Choice

Excel Vehicles, Inc., makes and sells automobiles to auto dealers, including Fine Auto Sales. Fine sells the cars to consumers and businesses.
-Refer to Fact Pattern 24-1.Holly,a professional driver,buys an Excel from Fine to drive in a Grand Prix race.Holly's Excel is

• A)a consumer good.
• B)an accession.
• C)equipment.
• D)inventory.

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Definitions:

Unemployment

The condition of being without a job while actively looking for employment and being willing to work.

Potential GDP

An estimate of the maximum output an economy can produce when it is most efficiently utilizing all available resources.

Fiscal Policy

Government policies related to taxation and spending that aim to influence the economy's overall activity.

Implementation

Implementation involves the process of putting a decision or plan into effect to achieve intended or expected results.