Multiple Choice
Suppose the total market value of all final goods and services produced in economy X this year is $4 million.Of the $4 million worth of goods and services,$3 million is sold and $1 million is held in inventory.For this year,the GDP for economy X is
A) $4 million.
B) $3 million.
C) $1 million.
D) $7 million.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q32: Investment equals inventory investment added to<br>A) business
Q33: A business cycle refers to the<br>A) continued
Q34: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q35: Disposable income is<br>A) equal to GDP minus
Q36: Capital consumption allowance refers to<br>A) capital goods
Q38: Net exports must always be a positive
Q39: When computing national income,which of the following
Q40: The best reason economists take only final
Q41: The expenditure approach to computing GDP measures<br>A)
Q42: A transfer payment is a payment to