A Company Produced 10 Dishwasher Machines in 1998

question 10

Multiple Choice

A company produced 10 dishwasher machines in 1998. The company sold 8 in 1998 and added 2 to its inventories. The market value of the dishwasher machines in 1998 was $200 per unit. What is the value of this company's output that will be included in the 1998 GDP?

• A) $1,800
• B) $400
• C) $1,600
• D) $2,000

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Definitions:

Overgeneralize

Making broad generalizations from a single or few instances, often leading to inaccurate conclusions.

Legislatures

Governing bodies with the authority to make, amend, and repeal laws within a certain jurisdiction.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.