An Economy Produces Only 500,000 Tables Valued at $100 Each

question 152

Multiple Choice

An economy produces only 500,000 tables valued at $100 each.Of these,100,000 are sold to consumers,200,000 are sold to businesses,100,000 are sold to the government,and 50,000 are sold abroad.No tables are imported.The unsold tables at the end of the year are held in inventory by the table manufacturers.What is the value of the private-sector investment component of GDP?

• A) $2 billion.
• B) $10 million.
• C) $20 million.
• D) $25 million.
• E) $50 million.

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Definitions:

Mission Statement

A mission statement is a declaration of an organization's core purpose and focus that remains consistent over time, guiding its path and decision-making.

Communication Process

The series of steps through which information is conveyed from a sender to a receiver, including encoding, transmitting, receiving, and decoding.

Compose Message

The process of creating a written or digital message intended for communication with others.

Sense Need

The ability to perceive and recognize a necessity or requirement within a given context or scenario.