Suppose that the total market value of all final goods and services produced in a particular country in a given year is $500 billion,and the total market value of final goods and services sold is $450 billion.We can conclude that:
A)inventories have increased by $50 billion
B)GDP is $450 billion
C)GNI is $450 billion
D)inventories have fallen by $50 billion
E)GDP is $50 billion

Question

Quizplus · Accepted Answer

The difference between the total market value of all final goods and services produced and the total market value of final goods and services sold is $50 billion ($500 billion - $450 billion). This means that inventories have increased by $50 billion.

Suppose That the Total Market Value of All Final Goods