The value of goods added to a firm's inventory in a certain year is treated as
A) consumption, since the goods will be sold to consumers in another period.
B) intermediate goods, and so is not included in that year's GDP.
C) investment, since GDP aims to measure the value of the economy's production that year.
D) spending on durable goods, since the goods could not be inventoried unless they were durable.
Correct Answer:
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Q192: A transfer payment is a payment made
Q193: Table 23-2
The following table contains data
Q194: Table 23-1
The following table contains data
Q195: Table 23-2
The following table contains data
Q196: Table 23-1
The following table contains data
Q198: Disposable personal income is the income that
A)households
Q199: Net exports equal
A)exports plus imports.
B)imports minus exports.
C)Y
Q200: Table 23-1
The following table contains data
Q201: GDP and GNP are identical when
A)exports and
Q202: Table 23-2
The following table contains data
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