Multiple Choice
An American retailer purchased 100 pairs of shoes from a company in Denmark in the second quarter of 2010 but does not sell them to a consumer until the third quarter of 2010. In which quarter(s) is (are) the value of the shoes included in U.S. GDP?
A) the second and third quarters
B) the second quarter but not the third quarter
C) the third but not the second quarter
D) neither the second nor the third quarter
Correct Answer:
Verified
Correct Answer:
Verified
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