A Company Produced 12 Motorcycles in 2015

question 164

Multiple Choice

A company produced 12 motorcycles in 2015. The company sold 8 in 2015 and added 4 to its inventories. The market value of the motorcycles in 2015 was $1,000 per unit. What is the value of this company's output that will be included in the 2015 GDP?

• A) $4,000
• B) $8,000
• C) $12,000
• D) $16,000

---

Definitions:

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over competing ones.

Substitute Products

Goods and services that can be used in place of each other based on their utility and functional qualities.

Covert Collusion

A form of collusion that occurs in secret or is hidden, where competing firms in an industry agree to control prices or market shares without public knowledge.

Secret Conspiracies

Covert plans made by a group with the intent to do something unlawful or harmful, often in a political context.