In an economy, the value of inventories fell by $50 billion from Year 1 to Year 2.In calculating total investment for Year 2, national income accountants would increase it by $50 billion.
Correct Answer:
Verified
Q209: Changes in business inventories are included as
Q210: If the University of Missouri, a public
Q211: GDP tends to understate economic welfare because
Q212: In the expenditures approach, transfer payments such
Q213: If gross investment is positive, it means
Q215: If nominal GDP in one year is
Q216: When U.S.households buy new imported European and
Q217: Net exports are positive when exports are
Q218: Do-it-yourself activities of people are a big
Q219: To adjust nominal GDP for a given
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents