Multiple Choice
Apple has been producing the new iPhone throughout 2013, but doesn't plan to sell it until March 2014. How are these iPhones, which are sitting in a warehouse somewhere in the U.S., affecting GDP?
A) They are inventory and will decrease investment in 2013.
B) They will increase GDP only in the year they are produced, 2013.
C) They are considered inventory until they sell, so investment will increase when they are sold in 2014.
D) They are not counted in GDP at all since they were not sold.
Correct Answer:
Verified
Correct Answer:
Verified
Q61: An example of an intermediate good would
Q62: An example of a good or service
Q63: Which of the following is a final
Q64: Which of the following activities would be
Q65: If China's real GDP grew from $7
Q67: If the GDP of Macroland is $250,000,000
Q68: Tallulah is a German citizen who works
Q69: If Italy's real GDP fell from $2.2
Q70: GDP counts:<br>A) only final goods and services,
Q71: Mikey likes bagels, so he buys an