Onsumer Goods That Are Produced, Go into Inventory, and Are

question 312

Multiple Choice

onsumer goods that are produced, go into inventory, and are not sold during the current period are

• A) counted as intermediate goods and so are not included in current period GDP.
• B) counted in current period GDP only if the firm that produced them sells them to another firm.
• C) included in current period GDP as inventory investment.
• D) included in current period GDP as consumption.

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Definitions:

Categorization

The cognitive process of grouping things based on shared characteristics or properties.

Musical Instrument

An object or device created or adapted to produce musical sounds.

Grand Piano

A large, full-bodied musical instrument with horizontally strung strings, producing a wide range of piano sounds.

Electronic Keyboard

An Electronic Keyboard is a musical instrument that uses electronic circuits to generate sounds in various tones and rhythms.