Apple has been producing the new iPhone throughout 2013,but doesn't plan to sell it until March 2014.How are these iPhones,which are sitting in a warehouse somewhere in the U.S. ,affecting GDP?
A) They are inventory and will increase investment in 2013.
B) They will increase GDP only in the year they are produced,2013.
C) They are considered inventory until they sell,so investment will fall each time one is sold in 2014.
D) All of these statements are true.
Correct Answer:
Verified
Q45: One of the most crucial ideas in
Q58: Kelly is a U.S.citizen who works for
Q60: Tallulah is a German citizen who works
Q62: A consumption good that would be counted
Q64: A consumption good that would be counted
Q65: Investment,as a part of GDP,includes:
A)spending on productive
Q67: Inventory is:
A)the stock of goods that a
Q68: An example of a government purchase that
Q72: Mikey likes bagels, so he buys an
Q74: Which of the following does not appear
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