In 2008, Computers, Inc produced personal computers worth $20 million. If $16 million worth were sold and $4 million worth remained unsold at year end and were added to inventories, how much did Computers, Inc contribute to GDP in 2008?
a. $0
b. $4 million
c. $12 million
d. $16 million
e. $20 million
E
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A final good is one that
A) is purchased as an input in the production process. B) is purchased by its final user. C) is a natural resource used to produce a good. D) is used in the production of another good.
In the basic closed-economy ISLM model, the money market can be described by the
A) money demand function. B) money supply. C) money market equilibrium condition. D) all of the above.
Industry A has market shares of 50, 30, and 20 . Industry B has market shares of 45, 40, and 15 . where si is the market shares of the i-th firm in the industry
a. The Herfindahl index for A is 100. b. The Herfindahl index for A is 3,800. c. The Herfindahl index for B is 3,600 d. The Herfindahl index for A is greater than for B. e. The Herfindahl index is for B is 4,000.
If the dollar rises in value compared to other currencies, what will happen in the United States?
a. an increase in aggregate demand b. an increase in aggregate supply c. a decrease in aggregate supply d. an increase in the U.S. price level