A company produced 12 motorcycles in 2015. The company sold 8 in 2015 and added 4 to its inventories. The market value of the motorcycles in 2015 was $1,000 per unit. What is the value of this company's output that will be included in the 2015 GDP?
A) $4,000
B) $8,000
C) $12,000
D) $16,000
Correct Answer:
Verified
Q123: Refer to the information provided in Table
Q124: Refer to the information provided in Table
Q125: In 2016 final sales equal $500 billion
Q126: Refer to the information provided in Table
Q127: The only component of GDP which can
Q129: A radiologist buys a new x-ray machine
Q130: GDP minus final sales gives a measure
Q131: The formula C + I + G
Q132: Refer to the information provided in Table
Q133: Related to the Economics in Practice on
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