Suppose Ford Motor Company produced and sold 50 million 2015 model-year pickup trucks during the last half of 2014. How would this affect GPD?
A) 2014 GDP would remain unchanged, and 2015 GDP would rise by 50 million.
B) 2014 GDP would rise by 50 million, and 2015 GDP would not be affected.
C) Both 2014 and 2015 GDP would rise by 25 million.
D) Trick question: 2015 model-year vehicles can't be produced and sold in 2014.
Question 2
Traffic congestion is an example of
A) a shortage of roadway space.
B) a surplus of automobiles.
C) a surplus of drivers.
D) a surplus of people.
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