Multiple Choice
Company DEF produces gizmos. One particular batch cost $50,000 to produce. Because market conditions were bad at the time of sale, they were sold at a loss for $40,000. The value of the gizmos included in the GDP is
A) $10,000.
B) $40,000.
C) $50,000.
D) impossible to compute because there is negative profit.
Correct Answer:
Verified
Correct Answer:
Verified
Q73: On average, the United States falls into
Q74: Describe the shortcomings of GDP as a
Q75: Unemployment tends to be highest during the
Q76: Which statement explains why the size and
Q77: Which of these is included in gross
Q79: Corporate profits are slightly less than 10%
Q80: A drawback to producing a set of
Q81: In the circular flow diagram, the clockwise
Q82: Describe the changes in the macroeconomy over
Q83: (Table) The table that follows shows components