Suppose a U.S. automobile manufacturer produced $200 million worth of automobiles in the United States in 2009, but $50 million worth went unsold. How much was the company's contribution to GDP?
a. $50 million
b. $250 million
c. $150 million
d. $200 million
e. -$150 million
D
You might also like to view...
Explain the term "economics."
What will be an ideal response?
Explain how and why economic events in the U.S. affected the economies of Thailand, South Korea, and Indonesia and vice-versa
Economists view free trade as a way to raise living standards both at home and abroad
a. True b. False Indicate whether the statement is true or false
The term scarcity in economics refers to the fact that:
a. No country can produce enough products to satisfy everybody's economic wants b. Even in the richest country some people go hungry c. Economic wants are limited and resources are abused d. It is impossible to produce too much of any particular good or service in a market economy