-In the Above Figure, If Real GDP Equals $17 Trillion

question 158

Multiple Choice

-In the above figure, if real GDP equals $17 trillion

• A) actual and planned investment will both increase.
• B) unplanned inventories will increase.
• C) actual investment will decrease but planned investment will increase.
• D) unplanned inventories will decrease.

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Definitions:

Opportunity Cost

The expense incurred by not choosing the second-best option available when a decision is made.

Sweaters

Clothing items made of wool or similar yarns, designed to provide warmth by covering the upper body.

Hats

A type of headwear that comes in various shapes, sizes, and materials, often used for fashion, protection, or ceremonial purposes.

Production

The process of creating goods or services by combining various inputs like labor, capital, and natural resources.