In an Economy, the Value of Inventories Was $75 Billion

question 113

Multiple Choice

In an economy, the value of inventories was $75 billion in 2009 and $63 billion in 2010. In calculating total investment for 2010, national income accountants would:

• A) Decrease it by $75 billion
• B) Increase it by $63 billion
• C) Decrease it by $12 billion
• D) Increase it by $138 billion

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Definitions:

Secondary Circular Reactions

Repetitive actions in infants (4-8 months old) focused on external objects as a means to learn about their environment.

Coordination

The capacity to coordinate various body parts seamlessly and effectively.

Internalization of Schemes

The process by which individuals absorb and integrate new information into existing cognitive frameworks or structures, as proposed by Jean Piaget.

Object Permanence

The understanding that objects continue to exist even when they cannot be observed, seen as a key developmental milestone in infants.