Which of the Following Observations Concerning GDP Calculations Is True

question 126

Multiple Choice

Which of the following observations concerning GDP calculations is true?

• A)Goods and services produced by governments are valued at market price.
• B)Inventories are treated as if they are yet to be sold.
• C)Goods produced but not sold during the year are counted in that year's GDP.
• D)Goods that firms add to their inventories do not count in the GDP.