When a Firm Produces and Sells a Refrigerator Worth $1,000,its

question 64

Multiple Choice

When a firm produces and sells a refrigerator worth $1,000,its contribution to the gross domestic product (GDP) on the income side is measured by:

• A)the price paid by the consumer.
• B)the investment made by the firm to manufacture the refrigerator.
• C)the stock of inventories used by the firm to manufacture the refrigerator.
• D)the cost of raw materials used by the firm to manufacture the refrigerator.
• E)the sum of the wages,interest,and rent paid by the firm's owners and the profit of the firm.

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Definitions:

Negligently Left

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A basic cleaning tool consisting of a mop for washing and a bucket for holding cleaning water or solutions, commonly used for floor cleaning.

Liability

A legal responsibility or obligation to compensate someone else for harm or damage that has been caused.

Janitor

A person responsible for cleaning, maintaining, and often securing buildings such as schools, office buildings, and residential complexes.