If business inventories equal $40 billion at the beginning of the year and $55 billion at the end of the year, then, assuming no other changes, GDP must have:
A. increased by $40 billion.
B. increased by $15 billion.
C. decreased by $15 billion.
D. increased by $55 billion.
Answer: B
Economics
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Economics
The MR schedule can be obtained from the TR schedule by:
a. adding two successive values in the TR schedule. b. subtracting the succeeding TR value from the preceding TR value. c. subtracting the preceding TR value from the succeeding TR value. d. multiplying two successive TR values. e. dividing the succeeding TR value by the preceding TR value.
Economics