An Economy Produces Only 1,000,000 Computers Valued at $2,000 Each

question 55

Multiple Choice

An economy produces only 1,000,000 computers valued at $2,000 each. Of these, 200,000 are sold to consumers, 300,000 are sold to businesses, 300,000 are sold to the government, and 100,000 are sold abroad. No computers are imported. The unsold computers at the end of the year are held in inventory by the computer manufacturers. What is the value of GDP?

• A) $0.9 billion
• B) $1.0 billion
• C) $1.8 billion
• D) $2.0 billion

---

Definitions:

Component Parts

Individual pieces or elements that, when combined, form a complete system or assembly.

Humanistic Psychology

An approach to psychology that emphasizes individual potential and stresses the importance of growth and self-actualization.

Protest Movement

A protest movement is a collective effort by a group of people to express opposition towards specific policies, practices, or conditions through various forms of public demonstration.

Psychoanalysis

A therapeutic approach that aims at exploring unconscious thoughts and feelings, originally developed by Sigmund Freud.