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In 2016 final sales equal $400 billion, and the change in business inventories is $100 billion. GDP in 2016 is

Tneary

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In 2016 final sales equal $400 billion, and the change in business inventories is $100 billion. GDP in 2016 is

Question 1.

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?

▸ $4,000

▸ $8,000

▸ $12,000

▸ $16,000

Question 2.

In 2016 final sales equal $400 billion, and the change in business inventories is $100 billion. GDP in 2016 is

▸ $100 billion.

▸ $300 billion.

▸ $400 billion.

▸ $500 billion.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 126 times

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RNIPP

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More solutions for this book are available here

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Tneary Author

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5 years ago

Exactly what I needed for my project, TYSM

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