Solved

Consumption Is $5 Billion, Planned Investment Spending Is $8 Billion

Question 151

Multiple Choice

Consumption is $5 billion, planned investment spending is $8 billion, government purchases are $10 billion, and net exports are equal to $2 billion.If GDP during that same time period is equal to $27 billion, what unplanned changes in inventories occurred?


A) There was an unplanned increase in inventories equal to $2 billion.
B) There was no unplanned change in inventories.
C) There was an unplanned decrease in inventories equal to $2 billion.
D) There was an unplanned decrease in inventories equal to $19 billion.
E) There was an unplanned increase in inventories of $3 billion.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions