Inventories are unsold goods produced by a firm, then why do they are included in GDP?
A) inventories represent value
B) inventories add to the stock of the firm
C) they are purchases by the firm itself
D) all the above
Correct Answer:
Verified
Q12: Remittances made by NRIs to India in
Q13: Who first introduced the concept of circular
Q14: Which one in the following is a
Q15: Which one in the following is a
Q16: Why do not the sale or purchase
Q18: The value of 'intermediate goods' are excluded
Q19: Value added at each stage of production
Q20: Imputed value of good is added to
Q21: GDP Deflator is also called as:
A)implicit cost
Q22: Personal Income includes:
A)dividend distributed
B)social insurance contributions
C)corporate profit
D)none
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