A company produced 8 dishwasher machines in 2015. The company sold 6 in 2015 and added 2 to its inventories. The market value of the dishwasher machines in 2015 was $200 per unit. What is the value of this company's output that will be included in the 2015 GDP?

Question

Quizplus · Accepted Answer

The value of the 6 dishwasher machines sold in 2015 is:
6 x $200 = $1,200

The value of the 2 dishwasher machines added to inventory is:
2 x $200 = $400

Therefore, the total value of the company's output in 2015 is:
$1,200 + $400 = $1,600

This is the value that will be included in the 2015 GDP.

A Company Produced 8 Dishwasher Machines in 2015