Consumption Is $5 Million,planned Investment Spending Is $8 Million,government Purchases

question 108

Multiple Choice

Consumption is $5 million,planned investment spending is $8 million,government purchases are $10 million,and net exports are equal to $2 million.If GDP during that same time period is equal to $23 million,what unplanned changes in inventories occurred?

• A)There was an unplanned increase in inventories equal to $2 million.
• B)There was no unplanned change in inventories.
• C)There was an unplanned decrease in inventories equal to $2 million.
• D)There was an unplanned decrease in inventories equal to $19 million.

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Definitions:

High Energy

Describes a state of being vigorous and full of activity or vitality; it can also refer to physical systems having a high level of power or force.

Innovation-Driven Economy

An economic structure primarily based on innovative activities and the continuous development of new products, services, and technologies.

Italy

A country located in southern Europe, known for its rich history, cultural heritage, and significant contributions to art, food, and fashion.

India

A country in South Asia, known for its diverse culture, historical landmarks, and rapidly growing economy.