When estimating GDP, changes in the level of inventory are calculated because:
a. it indicates the level of employment in the economy.
b. it provides information about a firm's expectations.
c. it is a good indicator of the competitiveness of the economy.
d. it shows the level of business spending by firms.
e. it determines the value of goods produced in a year but not sold in that year.
e
Economics
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All choices have monetary costs.
a. true b. false
Economics
One would speak of a change in the quantity of a good supplied, rather than a change in supply, if
A) the price of the good changes. B) the cost of producing the good changes. C) prices of substitutes in production change. D) supplier expectations about future prices change.
Economics