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:

Response Time

The duration it takes for a system or entity to react to a specific input or demand, significant in determining customer satisfaction and operational efficiency.

Information Goods

Products that can be delivered digitally and are primarily composed of or characterized by informational content.

Total Logistics Costs

Encompass all expenses related to the planning, implementing, and controlling of the efficient flow and storage of goods, services, and related information.

Supply Chain Network

An infrastructure of businesses, staff, processes, insights, and support systems designed to move a product or service from its source to the consumer.