You are an analyst at Heys International Luggage. Your output last year of Carbon-X luggage sets was 100,000 sets, based on estimates that sales would equal 100,000 at an average price of $56.84. Heys International tries to maintain inventory at 10,000 sets. Actual sales of the luggage last year were 105,000. Considering only this result: aggregate expenditure was equal to GDP. aggregate expenditure was less than GDP. aggregate expenditure was greater than GDP. aggregate expenditure is always equal to GDP, so these sales results are irrelevant. 2 of 25 > Яншират ИРИНАРИ
You are an analyst at Heys International Luggage. Your output last year of Carbon-X luggage sets was 100,000 sets, based on estimates that sales would equal 100,000 at an average price of $56.84. Heys International tries to maintain inventory at 10,000 sets. Actual sales of the luggage last year were 105,000. Considering only this result: aggregate expenditure was equal to GDP. aggregate expenditure was less than GDP. aggregate expenditure was greater than GDP. aggregate expenditure is always equal to GDP, so these sales results are irrelevant. 2 of 25 > Яншират ИРИНАРИ
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section7.2: The Expenditure Approach To Computing Gdp For A Real World Economy
Problem 1ST
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Question
![You are an analyst at Heys International Luggage. Your output last year of Carbon-X luggage sets was 100,000 sets, based
on estimates that sales would equal 100,000 at an average price of $56.84. Heys International tries to maintain inventory at
10,000 sets. Actual sales of the luggage last year were 105,000. Considering only this result:
aggregate expenditure was equal to GDP.
aggregate expenditure was less than GDP.
aggregate expenditure was greater than GDP.
aggregate expenditure is always equal to GDP, so these sales results are irrelevant.
2 of 25
>
Яншират ИРИНАРИ](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc4c509f9-cd14-411e-be37-282201ca7523%2Fa122b784-11ad-4624-87af-9e33cbfbb4e8%2Ft162zai_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You are an analyst at Heys International Luggage. Your output last year of Carbon-X luggage sets was 100,000 sets, based
on estimates that sales would equal 100,000 at an average price of $56.84. Heys International tries to maintain inventory at
10,000 sets. Actual sales of the luggage last year were 105,000. Considering only this result:
aggregate expenditure was equal to GDP.
aggregate expenditure was less than GDP.
aggregate expenditure was greater than GDP.
aggregate expenditure is always equal to GDP, so these sales results are irrelevant.
2 of 25
>
Яншират ИРИНАРИ
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