The Value of Goods Added to a Firm's Inventory in a Certain

question 156

Multiple Choice

The value of goods added to a firm's inventory in a certain year is treated as

• A)consumption, since the goods will be sold to consumers in another period.
• B)intermediate goods, and so is not included in that year's GDP.
• C)investment, since GDP aims to measure the value of the economy's production that year.
• D)spending on durable goods, since the goods could not be inventoried unless they were durable.

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Definitions:

Glossopharyngeal Nerve

The glossopharyngeal nerve is the ninth cranial nerve, which has both sensory and motor functions, including taste sensation and stimulating muscle movement in swallowing.

Vagus Nerve

The tenth cranial nerve that is responsible for many functions including heart rate, digestion, and mood control.

Effector Organ

An organ or tissue that responds to neural or hormonal signals, carrying out the final response or action.

Autonomic Ganglion

A collection of nerve cell bodies in the autonomic nervous system that act as relay points for transmitting neurological signals to organs.