The Local Chevrolet Dealership Has an Increase in Inventory of 25

question 41

Multiple Choice

The local Chevrolet dealership has an increase in inventory of 25 cars in 2006.In 2007 it sells all 25 cars.Which of the following statements is correct?

• A)The full value of the increased inventory will be counted as part of GDP in 2006, and the value of the cars sold in 2007 will not cause 2007 GDP to increase.
• B)The value of the increased inventory will not affect 2006 GDP; instead, the full value of the inventory will be counted as part of 2007 GDP.
• C)The value of the increased inventory will be counted as part of 2006 GDP and the value of the cars sold in 2007 will increase 2007 GDP.
• D)One-half of the value of the increased inventory will be counted as part of 2006 GDP and the other one-half of the value will be counted as part of 2007 GDP.

Recognize the effects of market economies on resource conservation and innovation.

Understand how government policies and economic incentives can influence energy efficiency and the transition to alternative energy sources.

Grasp how global economic expansion affects natural resource demand and supply.

Identify the impact of consumer behavior shifts in response to changes in resource prices.

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Definitions:

Net Price

The real cost incurred for a product or service once all discounts, rebates, or allowances have been subtracted.

Complement Rates

In probability, the complement of an event's rate, representing the likelihood of the event not occurring.

Net Price

The actual price paid for a product or service after subtracting any discounts, rebates, or other deductions from the list or sticker price.

Complement Method

A technique used in mathematics to find the complement of a set or in digital electronics to simplify calculations.