A Good Is Produced by a Firm in 2007,added to the Firm's

question 59

Multiple Choice

A good is produced by a firm in 2007,added to the firm's inventory in 2007,and sold to a household in 2008.It follows that

• A) the value of the good is added to the investment category of 2007 GDP and added to the investment category of 2008 GDP.
• B) the value of the good is added to the investment category of 2007 GDP and subtracted from the investment category of 2008 GDP.
• C) the value of the good is subtracted from the investment category of 2007 GDP and added to the investment category of 2008 GDP.
• D) the value of the good is subtracted from the investment category of 2007 GDP and subtracted from the investment category of 2008 GDP.

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Definitions:

Lowest Bid

The least amount of money offered by a contractor to complete a specified project or job in a bidding process.

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.

Sale of Land

The transaction or process whereby ownership of a parcel of land is transferred from one party to another.

Browsewrap Agreement

An online agreement where acceptance of terms and conditions is implied through the use of the website, without requiring an explicit agreement from the user.