Kelly's Surf Shop orders 5,000 new surfboards at the beginning of the year but only sells 4,500 by the end of the year. How are the 500 unsold surfboards accounted for in gross domestic product?
A) They will be included in the government spending category of GDP.
B) They will be included in the durable consumption category of GDP.
C) They will be included in the inventory investment category of GDP.
D) They will be included in the nondurable consumption category of GDP.
E) They will be included in the residential investment category of GDP.
Correct Answer:
Verified
Q15: Gross domestic product is defined as the
Q16: Gross domestic product measures the
A) market value
Q17: Gross domestic product is equal to the
Q18: Investment is the expenditure done by
A) the
Q19: Gross domestic product equals
A) Y = C
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