Suppose the Total Market Value of All Final Goods and Services

question 37

Multiple Choice

Suppose the total market value of all final goods and services produced in economy X this year is $4 million.Of the $4 million worth of goods and services,$3 million is sold and $1 million is held in inventory.For this year,the GDP for economy X is

• A) $4 million.
• B) $3 million.
• C) $1 million.
• D) $7 million.
• E) none of the above

---

Definitions:

Weekly Check-Ins

Regularly scheduled meetings or assessments to review progress, discuss issues, and plan future actions.

Creative Team

A group of individuals with diverse talents and skills working together to generate innovative ideas or solutions.

Car Manufacturers

Companies engaged in the design, production, marketing, and selling of motor vehicles.

Vehicle Models

Specific versions or designs of automobiles distinguished by particular characteristics like size, features, and performance.