The Table Below Includes Data for a One-Year Period Required

question 50

Multiple Choice

The table below includes data for a one-year period required to calculate GDP for this economy.All figures are in billions of dollars. TABLE 20-2 Refer to Table 20-2.What is the value of GDP (in billions of dollars) ,as calculated from the expenditure side?

• A)$3936
• B)$3904
• C)$3866
• D)$3784
• E)$3708

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Definitions:

Safety Stock

Inventory kept on hand to protect against shortages due to fluctuations in demand or supply.

Carrying Cost

The total cost of holding inventory, including storage, insurance, and taxes, over a certain period.

Average Inventory Levels

The mean stock of goods held by a company over a certain period, used to manage inventory efficiently and minimize holding costs.

Materials Requirements Planning

A production planning and inventory control system used to manage manufacturing processes by determining material requirements.