Consider the investment component (I)of GDP.To calculate the change in the value of inventories for the investment component of GDP,one should use their

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The change in the value of inventories for the investment component of GDP should be calculated using their current market value. This is because the purpose of calculating the change in the value of inventories is to account for the value of goods produced but not yet sold, and the value of these goods is best reflected by their current market value. The value at the time of production (option A) or sale (option E) is not relevant for this purpose. The cost of production minus labor and capital (option B) is irrelevant as it only refers to the production cost of the inventory, not its current value.

Consider the Investment Component (I)of GDP