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:

Outsourcing

The practice of hiring third parties to perform services or create goods that traditionally were performed in-house by the company's own employees.

Solicitation

The act of requesting or seeking bids, proposals, or quotes from vendors for the supply of goods or services.

Bidders

Entities or individuals that propose their services or products in response to a request for proposal or tender.

Requesting

The act of formally or informally asking for something to be given or done.