Multiple Choice
An economy produces only 1,000,000 computers valued at $2,000 each. Of these, 200,000 are sold to consumers, 300,000 are sold to businesses, 300,000 are sold to the government, and 100,000 are sold abroad. No computers are imported. The unsold computers at the end of the year are held in inventory by the computer manufacturers. What is the value of GDP?
A) $0.9 billion
B) $1.0 billion
C) $1.8 billion
D) $2.0 billion
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Peg's Manicure Manor did 4,000 sets of
Q13: One way to avoid counting the prices
Q34: Profits, rents, interest, and royalties are examples
Q50: Bob's Barber Shop cut 3,000 heads of
Q51: Real GDP is not a perfect measure
Q54: The following table provides data for
Q59: An economy produces only 500,000 tables valued
Q70: The total market value of production in
Q92: Which of the following is an example
Q118: Net exports equal:<br>A)the value added of exports.<br>B)exports