Multiple Choice
In calculating the GDP, national income accountants
A) treat inventory changes as an adjustment to personal consumption expenditures.
B) ignore inventories because they do not represent final goods.
C) subtract increases in inventories or add decreases in inventories.
D) add increases in inventories or subtract decreases in inventories.
Correct Answer:
Verified
Correct Answer:
Verified
Q130: Historically, real GDP has increased less rapidly
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Q132: The amount of after-tax income received by
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Q134: The U.S. government agency responsible for compiling
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Q138: The National Income and Product Accounts (NIPA)
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Q140: Which of the following best defines national