Suppose the total monetary value of all final goods and services produced in a particular country in 2015 is $500 billion and the total monetary value of final goods and services sold is $450 billion.We can conclude that
A) GDP in 2015 is $450 billion.
B) NDP in 2015 is $450 billion.
C) GDP in 2015 is $500 billion.
D) inventories in 2015 fell by $50 billion.
Correct Answer:
Verified
Q2: The agency responsible for compiling the National
Q3: By summing the dollar value of all
Q4: Which of the following transactions would be
Q5: Arthur sells $100 worth of cotton to
Q6: The concept of net domestic investment refers
Q7: The value added of a firm is
Q8: Which of the following is an intermediate
Q9: Value added refers to
A)any increase in GDP
Q10: GDP is the
A)national income minus all nonincome
Q11: Value added can be determined by
A)summing the
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