In National-Income Accounting,changes in Inventories Are

question 29

Multiple Choice

In national-income accounting,changes in inventories are

• A)classified as part of current actual investment.
• B)included under actual consumption expenditures.
• C)referred to as intermediate goods.
• D)described as actual fixed investment.
• E)not included in the national accounts.

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Definitions:

Submission Agreement

A written agreement to submit a legal dispute to an arbitrator or arbitrating panel for resolution.

Settlement Agreement

A legally binding contract between parties resolving a dispute or lawsuit outside of court through mutual concessions.

Decision

The conclusion or resolution reached by a court, judge, or arbiter in a legal case.

Summary Jury Trial

A settlement method in which a trial is held but the jury's verdict is not binding. The verdict acts as a guide to both sides in reaching an agreement during mandatory negotiations that follow the trial. If a settlement is not reached, both sides have the right to a full trial later.