Question
Jeff sells RV's. In 2020 he added $500,000 to his inventory. $100,000 of this addition was from used RV's he purchased while the remaining $400,000
Jeff sells RV's. In 2020 he added $500,000 to his inventory. $100,000 of this addition was from used RV's he purchased while the remaining $400,000 was from his purchases of newly manufactured RV's. How much of Jeff's inventory is included in 2020 GDP?
| a. | $100,000 |
| b. | $200,000 |
| c. | $300,000 |
| d. | $400,000 |
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Managerial Economics Foundations of Business Analysis and Strategy
Authors: Christopher Thomas, S. Charles Maurice
12th edition
1260004759, 9781260004755, 78021715, 78021718, 78021901, 978-0078021909
