1. Which of the following is an intermediate good or service?A. A paint gun purc

1. Which of the following is an intermediate good or service?A. A paint gun purchased by Handy AndyB. A dozen boxes of Girl Scout cookies purchased by your instructorC. A computer purchased by a farmer in Smallville KansasD. Glue purchased by McGraw-Hill to bind your textbook2. __________ is the market value of a firms output less the value of the inputs the firm has bought from the previous seller.A. Value addedB. Net Domestic ProductC. Real GDPD. Genuine Progress Index3. Which is the smallest?A. Net domestic productB. National incomeC. Government expendituresD. Net exports4. GDP is a less than perfect measure of economic well-being. It may be faulted for each of these practices EXCEPT that it:A. does not take leisure time into account.B. involves multiple counting.C. does not take psychic costs into account.