An Automobile Factory in Michigan Uses $100,000 Worth of Parts

question 42

Multiple Choice

An automobile factory in Michigan uses $100,000 worth of parts purchased from foreign countries along with U.S.inputs to produce 30 cars worth $20,000 each.Twenty of these cars are sold and 10 are left in inventory.How much did these actions add to GDP?

• A)$300,000
• B)$500,000
• C)$600,000
• D)$700,000

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Definitions:

Psychobabble

A term used pejoratively to describe language that uses psychological terminology in a vague, buzzword-like manner, often to sound impressive or authoritative without offering genuine insight.

Linguistic Rules

The structured patterns and norms governing the syntax, semantics, and phonology of a language.

Open-mindedness

The willingness to consider new ideas, perspectives, and possibilities without preconceived judgments.

Research Psychologists

Professionals who study and conduct experiments to understand human and animal behavior and mental processes.