An Economy Produces Only 1,000,000 Computers Valued at $2,000 Each

question 2

Multiple Choice

An economy produces only 1,000,000 computers valued at $2,000 each. Of these, 200,000 are sold to consumers, 300,000 are sold to businesses, 300,000 are sold to the government, and 100,000 are sold abroad. No computers are imported. At the end of the year, the computer manufacturers hold the unsold computers in inventory. What is the value of GDP?

• A)$0.9 billion
• B)$1.0 billion
• C)$1.8 billion
• D)$2.0 billion

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Definitions:

Two-Word Verb

A two-word verb, also known as a phrasal verb, is a verb phrase consisting of a verb and an adverb or preposition, forming a single semantic unit.

Two-Word Verb

A verb that combines a basic verb with a preposition or adverb to create a distinct meaning, for example, "look up."

Two-Word Verb

A verb phrase composed of a verb and a preposition or adverb enhancing the verb's meaning, e.g., "check out."

Two-Word Verb

A verb phrase consisting of a verb and a preposition or an adverb; together, they function as a single semantic unit in a sentence.