Goods produced that go into inventories are
A. not counted in GDP.
B. only counted in GDP when they are ultimately sold.
C. counted in GDP even though they are not sold.
D. counted if they completely depreciate within the calendar year.
Answer: C
You might also like to view...
Dell and Gateway must decide whether to lower their prices, based on the potential economic profits shown in the payoff matrix above. (The profits are in millions of dollars)
If the firms collude and don't cheat, Dell's profit is ________ million and Gateway's profit is ________ million. A) $10; $10 B) $15; $15 C) $5; $20 D) $20; $5
Why is the real-world deposit multiplier smaller than 1/RR, where RR is the required reserve ratio?
What will be an ideal response?
The primary emphasis in U.S. national income accounts is on
a. gross national product. b. gross domestic product. c. net national product. d. personal disposable income.
The premise of Head Start is that
A. early childhood education can make a substantial difference in the future lives of children. B. poor parents aren't very good parents. C. day care for the poor will allow the poor to make a better living. D. B) and C)