Bob's Funky T-shirts began the year with 1,000 shirts in inventory, produced 10,000 shirts during the year and ended the year with 1,100 shirts in inventory. The 100 shirts added to his inventory will be classified as
A) investment.
B) exports of goods and services.
C) nondurable consumption goods.
D) consumption expenditure.
E) net exports of goods and services.
Correct Answer:
Verified
Q19: In one year, a firm increases its
Q20: Depreciation is
A)part of net domestic product at
Q21: Instead of taking the dirty laundry with
Q22: In recent years, which of the following
Q23: If nominal GDP increases from one year
Q25: Total expenditure equals total income
A)if firms earn
Q26: Using the chained-dollar method to calculate real
Q27: To calculate GDP it is necessary to
Q28: GDP is
A)an imperfect measure of the standard
Q29: In 1961, real GDP totaled $575 billion
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