Adjustments for Business Inventory of Product or Inputs That Are

question 28

Multiple Choice

Adjustments for business inventory of product or inputs that are accumulated or sold during a year helps to ensure the accuracy of GDP by ensuring that GDP:

• A) reflects the current cost of production as the measure of the value of a product.
• B) does not include intermediate goods or capital investments.
• C) includes all of the time period's production.
• D) eliminates double counting when products are imported.

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Definitions:

Fixed-Ratio Schedule

In operant conditioning, a reinforcement schedule that reinforces a response only after a specified number of responses.

Specified Time

A clearly defined or identified moment or period on a timeline.

Unpredictable Time

Moments or durations that cannot be anticipated or forecasted with certainty.

Fixed-Ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses.