A restaurant buys fish to offer as a daily menu special. The purchase of the fish by the restaurant is
A) an intermediate good.
B) part of net exports if the fish was caught beyond the U.S. border.
C) an investment.
D) an example of government expenditures on goods and services.
E) a consumption expenditure.
A
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Use the following table to answer the next question.YearUnemployment Rate (%)Inflation Rate (%)14.03.024.52.535.02.045.53.056.04.5Based on this data, which years reflect a short-run change in aggregate demand?
A. 1, 3, and 5 B. 2, 3 and 4 C. 1, 2, and 3 D. 3, 4, and 5
A macroeconomic surplus occurs when consumers reduce their consumption expenditures and increase their saving
a. True b. False Indicate whether the statement is true or false
The current account balance includes not only goods and services transactions but also________________ and ______________.
Fill in the blank(s) with the appropriate word(s).
How much is the output gap if short-run output is $20.0 trillion and potential output is $20.0 trillion?
What will be an ideal response?