Answered: In 2016 final sales equal $40o billion,…

In 2016 final sales equal $40o billion, and the change in business inventories is $100 billion. GDP in 2016 is Oa. $400 billion. O b. $300 billion. O c. $100 billion. od. $500 billion.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 7P

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Question

In 2016 final sales equal $40o billion, and the change in business inventories is $100
billion. GDP in 2016 is
O a. $400 billion.
O b. $300 billion.
O c. S100 billion.
o d. $500 billion.

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A 2021.tle.courses.open.uwi.edu 1707 26 Calculate GDP using the information in the table below: $Billions Government purchases of goods 800 Services Imports Change in business inventories 40 Durable goods Nondurable goods 009 Exports Residential investment Government purchases of services 200 Nonresidential investment 650 Select one: O a. 3650 O b. 3440 O d. 3140
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