The Change in Business Inventories Is Measured as

question 210

Multiple Choice

The change in business inventories is measured as

• A) final sales minus GDP.
• B) final sales plus GDP.
• C) GDP minus final sales.
• D) the ratio of final sales to GDP.

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Definitions:

Sellers Receive

The amount of money that sellers are paid for their goods or services, after accounting for costs and expenses.

Tax Imposed

A compulsory financial charge or some other type of levy placed upon a taxpayer by a governmental organization to fund government spending and various public expenditures.

Consumer Surplus

The gap between what a consumer is prepared to spend on a good or service and the price they actually end up paying.

Market Equilibrium

A condition or state in an economy where supply and demand are equal, leading to stable prices and quantities.