Asked by
Desmond Bowers
on Nov 16, 2024Verified
If a good produced this quarter goes into inventory, then it is included in this period's GDP. If it is sold in the next quarter, it will have no effect on GDP.
Inventory
The total amount of goods and/or materials contained in a store or factory at any given time.
GDP
Gross Domestic Product, a measure of the economic performance of a country, calculated by adding the total value of all goods and services produced over a specific time period.
- Comprehend the elements and computations involved in Gross Domestic Product.
Verified Answer
CR
Learning Objectives
- Comprehend the elements and computations involved in Gross Domestic Product.
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