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In 2016, there was no change in inventories, which implies that GDP was ________ in 2016.

PiMaster314

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In 2016, there was no change in inventories, which implies that GDP was ________ in 2016.

Question 1.

In 2016 the change in business inventories is -$30 billion and GDP is $160 billion. Final sales in 2016 are

▸ $100 billion.

▸ $130 billion.

▸ $160 billion.

▸ $190 billion.

Question 2.

In 2016, there was no change in inventories, which implies that GDP was ________ in 2016.

▸ exactly equal to final sales

▸ greater than final sales

▸ less than final sales

▸ zero

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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