Imputed Values Included in GDP Are The

question 110

Multiple Choice

Imputed values included in GDP are the:

• A) market prices of goods and services.
• B) estimated value of goods and services that are not sold in the marketplace.
• C) price of goods and services measured in constant prices.
• D) price of goods and services measured in current prices.

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Inventory

Items of value held by a company for the purpose of sale or production, including raw materials, work-in-progress, and finished goods.

Lost Sales

Revenue that a company could have earned but didn't because of not having enough stock, closing an order, or other reasons.