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

question 138

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 the investment component of GDP?

• A) $0.3 billion
• B) $0.4 billion
• C) $0.6 billion
• D) $0.8 billion

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Definitions:

Telephone Consumer Protection Act

A law enacted in 1991 in the United States that restricts telemarketing and the use of automated telephone equipment.

Telephone Solicitation

The practice of contacting individuals by phone to promote services or products, often unsolicited.

Limited Check

A check that is void after a certain time limit; commonly used for payroll.

Time Limit

Time Limit refers to a fixed or set duration within which an action, process, or procedure is to be completed or accomplished.