Which of the following statements is true?a. The higher the maturity risk premium, the higher the probability that the yield cur
ve will be inverted.b. The most likely explanation for an inverted yield curve is that investors expect inflation to increase in the future.c. If the yield curve is inverted, short-term bonds have lower yields than long-term bonds.d. Even if the pure expectations theory is correct, there might at times be an inverted Treasury yield curve.e. Inverted yield curves can exist for Treasury bonds, but because of default premiums, the corporate yield curve cannot become inverted.
1 answer:
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Answer:
$12 billion.
Explanation:
Given: Value added during 2011= $78 billion.
Total sales= $90 billion.
Intermediate goods are the goods used to produce final product and it is not included in the calculation of GDP, however, it is included in the value of final goods.
Now, finding the value of intermediate goods purchased.
Intermediate goods=
⇒ Intermediate goods=
∴ Intermediate goods=
Hence, value of intermediate goods purchased is $12 billion.