Suppose the Total Monetary Value of All fiNal Goods and Services

question 215

Multiple Choice

Suppose the total monetary value of all final goods and services produced in a particular country in a year is $500 billion and the total monetary value of final goods and services sold is $450 billion.
We can conclude that

• A) GDP that year is $450 billion.
• B) NDP is $450 billion.
• C) GDP that year is $500 billion.
• D) inventories fell by $50 billion.

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