Fun Time Toys produced $60 million worth of toys in 2008.Because of a slow Christmas shopping season,only $50 million worth was sold to consumers,and the remaining $10 million worth went into inventories.Based on this information,how was GDP affected in 2008?
A) $60 million was added to GDP;$50 million was classified as consumption spending and $10 million was classified as private investment
B) $60 million was added to GDP,all classified as consumption spending
C) $50 million was added to GDP,all classified as consumption spending
D) $40 million was added to GDP;$50 million was classified as consumption and -$10 million was classified as private investment
E) $40 million was added to GDP,all classified as consumption
Correct Answer:
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