Additions to Inventory Subtract from GDP,and When the Goods in Inventory

question 333

True/False

Additions to inventory subtract from GDP,and when the goods in inventory are later used or sold,the reductions in inventory add to GDP.

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Definitions:

State Religion

A religion that is officially endorsed and supported by the government of a country.

Executed Protestants

Individuals of the Protestant faith who were put to death for their religious beliefs, often occurring during periods of religious conflict and persecution.

Humphrey Gilbert

An English adventurer and explorer in the Elizabethan era, known for attempting to establish English colonies in North America.

Walter Raleigh

An English landed gentleman, writer, poet, soldier, politician, courtier, spy, and explorer known for popularizing tobacco in England and his expeditions to the Americas.