Suppose that a large portion of the fourth quarter increase in production ends up sitting on shelves as unsold inventory. If product doesn’t get sold, how is it counted in GDP? it is added when measuring GDP, as an element of business investment it is added when measuring GDP, as an element of consumption it is subtracted when measuring GDP, as an element of business investment it is subtracted when measuring GDP, as an element of consumption

Suppose that a large portion of the fourth quarter increase in production ends up sitting on shelves as unsold inventory. If product doesn’t get sold, how is it counted in GDP? it is added when measuring GDP, as an element of business investment it is added when measuring GDP, as an element of consumption it is subtracted when measuring GDP, as an element of business investment it is subtracted when measuring GDP, as an element of consumption

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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