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Author Question: A radiologist buys a new x-ray machine from General Electric to use in her medical practice. This ... (Read 59 times)

TVarnum

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Question 1

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?


◦ $4,000
◦ $8,000
◦ $12,000
◦ $16,000

Question 2

A radiologist buys a new x-ray machine from General Electric to use in her medical practice. This x-ray machine is included in GDP as


◦ part of gross private domestic investment.
◦ a durable consumption good.
◦ a service.
◦ a nondurable consumption good.


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Marked as best answer by TVarnum on Apr 19, 2019

polinasid

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