Question
A company produced 15 bicycles in 2019. The company sold 10 in 2019 for $200 each and added 5 to inventories. In 2020 the company
A company produced 15 bicycles in 2019. The company sold 10 in 2019 for $200 each and added 5 to inventories. In 2020 the company sold the remaining 5 bicycles for 300 each. What is the value of this company's output that will be included in the 2019 and 2020 nominal GDP?
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
