Company DEF Produces Gizmos

question 78

Multiple Choice

Company DEF produces gizmos. One particular batch cost $50,000 to produce. Because market conditions were bad at the time of sale, they were sold at a loss for $40,000. The value of the gizmos included in the GDP is

• A) $10,000.
• B) $40,000.
• C) $50,000.
• D) impossible to compute because there is negative profit.

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Definitions:

Aspirin

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Small Intestine

A part of the gastrointestinal tract that runs between the stomach and the large intestine, responsible for most of the digestion and absorption of nutrients.

Amoxicillin

An antibiotic used to treat a wide variety of bacterial infections by inhibiting the growth of bacteria.

Oral Suspension

A liquid form of medication where small particles of the drug are dispersed in a liquid base, intended for oral administration.