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Author Question: The change in business inventories is measured as (Read 55 times)

j.rubin

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Question 1

A farmer buys a new tractor from John Deere to use on her cotton farm. This tractor is included in GDP as


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

Question 2

The change in business inventories is measured as


◦ final sales minus GDP.
◦ final sales plus GDP.
◦ GDP minus final sales.
◦ the ratio of final sales to GDP.


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Marked as best answer by j.rubin on Apr 19, 2019

cascooper22

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j.rubin

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cascooper22

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