Suppose the Total Monetary Value of All Final Goods and Services

question 82

Multiple Choice

Suppose the total monetary value of all final goods and services produced in a particular country in 2010 is $500 billion and the total monetary value of final goods and services sold is $450 billion.We can conclude that:

• A) GDP in 2010 is $450 billion.
• B) NDP in 2010 is $450 billion.
• C) GDP in 2010 is $500 billion.
• D) inventories in 2010 fell by $50 billion.

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Concepts and principles developed to explain and predict behavior and mental processes.

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