Multiple Choice
Recall the Application about the size of Wal-Mart to answer the following question(s) . During 2008, Wal-Mart's sales were approximately $374 billion, or roughly 2.6 percent of U.S. GDP, and its cost of sales was $286 billion.
-According to this Application, why is the value of Wal-Mart's 2008 sales NOT an accurate measurement of its actual sales impact on the U.S. economy?
A) The sales figure did not account for chain-weighted inflation measurements.
B) The sales figure includes the value of purchases from other firms.
C) The sales figure did not take into account the recession of 2008.
D) The sales figure was in nominal, not real, dollars..
Correct Answer:

Verified
Correct Answer:
Verified
Q105: As a component of GDP, consumption expenditures
Q106: Suppose that a tire factory produces $825,000
Q107: Imagine that an economy produces two goods,
Q108: GDP understates the value of output produced
Q109: If Cassie's Coffee House purchases 42 cents
Q111: To an economist, "investment" in the GDP
Q112: Net exports are total imports minus total
Q113: The period of time in which the
Q114: Personal income and personal disposable income refer
Q115: Net exports include goods produced<br>A) domestically that