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Your question: Subject: Macroeconomics Course: ECON 1580 Consider the following scenario and determine whether it would be included in GDP, the category that it would
Your question: Subject: Macroeconomics Course: ECON 1580 Consider the following scenario and determine whether it would be included in GDP, the category that it would affect, and the net change in GDP: You are a manufacturer, and you produce 1,000 units of a good and store it in your warehouse as inventory. Answer from your tutor: Report this answer lily118 Answered 1? hours ago Would be included in GDP? Yes, it would be included in GDP Category it would affect? It would affect the investment category Net change in GDP? Increase Explanation: Inventories that are produced in a certain period of time will be included in the GDP for that period, even if they have not yet sold. That's why the 1,000 units of a good produced by the manufacturer will be part of the GDP under the category of investment. This production will increase the GDP by the value of 1,000 units since these are new additional goods produced within the country. Thank you for your feedback _ _ _ Ask a new question We're glad that It was helpful! Keep your study momentum gomg
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