In 2002, United States inventories amounted to
A) almost 14 percent of GDP, about 1.6 months of annual production.
B) almost 40 percent of the manufacturing and trade component of GDP, about five months of annual production.
C) almost 40 percent of total annual depreciation expenses.
D) less than 10 percent of the size of the federal budget deficit and thus contributed little to the absorption of private saving.
E) none of the above.
Correct Answer:
Verified
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