Multiple Choice
Suppose the total monetary value of all final goods and services produced in a particular country in 2010 is $500 billion and the total monetary value of final goods and services sold is $450 billion.We can conclude that:
A) GDP in 2010 is $450 billion.
B) NDP in 2010 is $450 billion.
C) GDP in 2010 is $500 billion.
D) inventories in 2010 fell by $50 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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