Examlex

Solved

During the Third Quarter of This Year a Firm Produces

question 23

Multiple Choice

During the third quarter of this year a firm produces consumer goods and adds some of those goods to its inventory. During the fourth quarter of this year, the firm sells the goods at a retail outlet, with the result that the value of its inventory at the end of the fourth quarter is smaller than the value of its inventory at the end of the third quarter. These actions affect which components) of fourth-quarter GDP?


Definitions:

Respite Care

Short-term, temporary care provided to individuals needing assistance, offering relief for their usual caregivers.

Social Worker

A professional dedicated to helping individuals, families, and groups improve their well-being and address social and personal challenges.

Hospital Care

The services provided by hospitals to treat patients with preventive, curative, rehabilitative, or palliative care.

Elderly Person

An individual who is significantly beyond the usual age for work or social roles, typically considered to be 65 years or older.

Related Questions