Goods That Go into Inventory and Are Not Sold During

question 342

Multiple Choice

Goods that go into inventory and are not sold during the current period are

• A) counted as intermediate goods and so are not included in current period GDP.
• B) counted in current period GDP only if the firm that produced them sells them to another firm.
• C) included in current period GDP as inventory investment.
• D) included in current period GDP as consumption.

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Definitions:

Tire Pressure Control Systems

Automotive systems designed to monitor and adjust the air pressure inside vehicle tires, enhancing performance and safety.

Reduced Tire Costs

Reduced Tire Costs involve strategies or practices aimed at lowering the expenses associated with purchasing, maintaining, and replacing vehicle tires, potentially through better management, purchasing deals, or technology.

Retrofit

To modify a system to adapt to changes made after its manufacture.