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:

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, typically categorized into the four Ps: Product, Price, Place, and Promotion.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, including product, price, place, and promotion.

International Trade Agreement

A treaty or contract between countries that governs the exchange of goods, services, and investment across borders.

United States

A country located in North America, comprising 50 states and known for its significant influence on global economics, politics, and culture.