Econ 104 Quiz 1 || Already Passed.

Econ 104 Quiz 1 || Already Passed.
Question : GDP
Correct answer: the total market value of all final goods and
services produced annually in an economy
Question : GDP per capita
Correct answer: Gross domestic product divided by the
number of people in the population, represents average
national income
Question : Capital (K)
Correct answer: manufactured goods owned by firms to
produce other goods and services
Question : Investment (I)
Correct answer: spending on capital equipment, inventories,
and structures, including household purchases of new housing
Question : Intermediate Goods

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