Consider the Investment Component (I)of GDP

question 83

Multiple Choice

Consider the investment component (I) of GDP.To calculate the change in the value of inventories for the investment component of GDP,one should use their

• A)cost of production at the time they were produced.
• B)cost of production minus the costs of labour and capital.
• C)current market value.
• D)market value at the time they were produced.
• E)value at the time the goods are sold and removed from inventory.

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Definitions:

Indirect Format

A communication approach that presents secondary information or reasoning before getting to the main point or request.

Analytical Report

is a document that provides data analysis, interpretations, and possible strategies based on the data's findings.

Sampling Bias

A statistical bias that occurs when a sample is not representative of the population from which it's drawn, affecting the validity of results.

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