--%>

Question based on GDP

In calculating the GDP national income accountants: A) treat inventory changes as an adjustment to personal consumption expenditures. B) ignore inventories because they do not represent final goods. C) subtract increases in inventories or add decreases in inventories. D) add increases in inventories or subtract decreases in inventories.

   Related Questions in Microeconomics

  • Q : Highest legal price for Whopper Slushees

    Beginning at equilibrium, a new highest legal price for Whopper Slushees set at P1 would: (i) cause people to purchase more Slushees and fewer cones from Dairy Queen. (ii) Reduce total market demand. (iii) Yield surplus demand and a scarcity. (iv) Inc

  • Q : Problem on individual supply curves The

    The market supply curve is derived via: (i) Evaluating the net costs for each potential level of output. (ii) Inverting (or taking the mirror image of) the market demand curve. (iii) Horizontally summing up individual supply curves. (iv) Averaging the

  • Q : Market interest rates for different

    Market interest rates for different financial assets are positively associated to the: (w) expected rate of inflation. (x) liquidity of the assets. (y) efficiency of financial intermediation. (z) preferences of people about consuming in the future ins

  • Q : Define deficit budget Deficit budget :

    Deficit budget: When expenditure of the government is greater than its receipts, it is termed as deficit budget.

  • Q : Derived Demand for the Labor Can

    Can someone please help me in finding out the accurate answer from the following question. Declines in international price of oil would be most probable to cause: (1) Wages of bicycle factory workers to rise. (2) Demand for automobiles to reduce. (3) Incomes of the ge

  • Q : Burden of tax decrement The burden of

    The burden of an excise (i.e., per unit) tax would reduce solely upon consumers of the taxed good within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Equilibrium market price and quantity

    Equilibrium market price and quantity would definitely both falls when demand declines and supply will: (w) decreases. (x) increases. (y) is constant. (z) pulsates rhythmically. I need a good answer on the topic of

  • Q : Normal profit Normal profit signifies

    Normal profit signifies zero economic profit. Explain why?

  • Q : Technological innovations and demands

    Pharmaceutical companies have currently developed and tested drugs which reverse the affects of alcohol upon the brain only in a half hour. Such pills allow drivers to sober up before driving and to decrease the severity of hangovers. Within the past few years, variou

  • Q : Effects of high probability of

    Since of the high probability of bankruptcy and default of a latest corporation, new corporations: (i) Encompass little trouble selling bonds. (ii) Would prefer to the issue stock. (iii) Encompass more trouble selling bonds than the established corporations. (iv) Woul