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Author Question: In 2016, GDP was exactly equal to final sales. This implies that (Read 162 times)

ghost!

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Question 1

In 2016 the change in business inventories is -$70 billion and GDP is $200 billion. Final sales in 2016


◦ are $130 billion.
◦ are $200 billion.
◦ are $270 billion.
◦ are $340 billion.

Question 2

In 2016, GDP was exactly equal to final sales. This implies that


◦ there was accumulation of inventories that year.
◦ there was a decline in inventories that year.
◦ there was no change in inventories that year.
◦ GDP did not grow that year compared to the year before.


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Marked as best answer by ghost! on Apr 19, 2019

Liamb2179

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ghost!

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Liamb2179

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Great! Please up vote :D



 

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