An American Retailer Purchased 100 Pairs of Shoes from a Company

question 148

Multiple Choice

An American retailer purchased 100 pairs of shoes from a company in Denmark in the second quarter of 2010 but does not sell them to a consumer until the third quarter of 2010. In which quarter(s) is (are) the value of the shoes included in U.S. GDP?

• A)the second and third quarters
• B)the second quarter but not the third quarter
• C)the third but not the second quarter
• D)neither the second nor the third quarter

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Definitions:

Functional Residual Capacity (FRC)

The volume of air remaining in the lungs after a normal, passive exhalation, critical for gas exchange between breaths.

Tidal Volume (TV)

The volume of air moved into or out of the lungs during a normal breath, at rest.

Residual Volume (RV)

The volume of air remaining in the lungs after a maximal exhalation, preventing lung collapse and ensuring continuous gas exchange.

Inspiratory Reserve Volume (IRV)

The extra volume of air that can be breathed in beyond a standard breath.