Fun Time Toys produced $60 million worth of toys in 2008 . Because of a slow Christmas shopping season, only $50 million worth was sold to consumers, and the remaining $10 million worth went into inventories. Based on this information, how was GDP affected in 2008?
a. $60 million was added to GDP; $50 million was classified as consumption spending and $10 million was classified as private investment
b. $60 million was added to GDP, all classified as consumption spending
c. $50 million was added to GDP, all classified as consumption spending
d. $40 million was added to GDP; $50 million was classified as consumption and -$10 million was classified as private investment
e. $40 million was added to GDP, all classified as consumption
A
Economics