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
Q10: Who made the first major attempt to
Q11: Which one of the following is roughly
Q12: Which one of the following includes 'income
Q13: Remittances made by NRIs to India in
Q14: Who first introduced the concept of circular
Q15: Which one in the following is a
Q16: Which one in the following is a
Q17: Why do not the sale or purchase
Q19: The value of 'intermediate goods' are excluded
Q20: Value added at each stage of production
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