The local car dealership has an increase in inventory of 100 newly produced cars in 2015 . In 2016, it sells all 100 cars. Which of the following statements is correct?
a. The value of the cars in inventory will be counted as part of 2015 GDP, and the value of the cars sold in 2016 will not increase 2016 GDP.
b. The value of the cars in inventory will not affect 2015 GDP, and the value of the cars sold in 2016 will increase 2016 GDP.
c. The value of the cars in inventory will be counted as part of 2015 GDP, and the value of the cars sold in 2016 will increase 2016 GDP.
d. The value of the cars in inventory will not affect 2015 GDP, and the value of the cars sold in 2016 will not increase 2016 GDP.
a
You might also like to view...
Using current exchange rates, the U.S. standard of living is ranked
A) higher than it would be under the purchasing power parity method. B) lower than it would be under the purchasing power parity method. C) number one in the world. D) among the lowest in the world. E) none of the above
Which of the following people would be least likely to search the newspaper ads for bargains and clip store coupons?
a. a retired person b. an unemployed person c. a waitress earning $5 per hour d. an attorney earning $100 per hour e. a student on summer vacation