Suppose the Total Market Value of All Final Goods and Services

question 81

Multiple Choice

Suppose the total market value of all final goods and services produced in a particular country is $600 billion and the total market value of final goods and services sold is $525 billion in 2020.We can conclude that:

• A)GDP is $525 billion in 2020.
• B)NDI is $525 billion in 2020.
• C)GDP is $600 billion in 2020.
• D)inventories fell by $75 billion in 2020.

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Definitions:

Established Patterns

Predefined or widely recognized ways in which processes, behaviors, or activities are conducted within a particular context.

Bureaucratic Social Structures

Organized systems of administration in societies or organizations, characterized by hierarchical positions and written rules.

Behavior

The actions or reactions of an object or organism, usually in relation to the environment or surrounding.

Breakdown Theory

A sociological theory suggesting that social breakdown and disorganization lead to the emergence of deviant behavior and social problems.