Judged by international standards, the national debt of the United States, in te
ID: 1208374 • Letter: J
Question
Judged by international standards, the national debt of the United States, in terms of its national debt as a percentage of GDP is
the highest among the developed nations.
the lowest among the developed nations.
about average among the developed nations.
below average among the developed nations.
The local Subaru dealership has an increase in inventory of 17 cars in 2008. In 2009 it sells all 17 cars.
The value of the increased inventory will be counted as part of the investment component of GDP in 2008, and the value of the 17 cars sold in 2009 will reduce the investment component in 2009 GDP.
The value of the 17 unsold cars will be deducted from the investment component of GDP in 2008, and the value of the 17 cars sold in 2009 will increase the consumption component in 2009 GDP.
The value of the increased inventory will be counted as part of GDP in 2008 and the value of the 17 cars sold in 2009 will cause 2008 GDP to increase.
The value of the increased inventory will not affect 2008 GDP, but the sale of the cars in 2009 will cause 2009 GDP to increase.
the highest among the developed nations.
the lowest among the developed nations.
about average among the developed nations.
below average among the developed nations.
Explanation / Answer
about average among the developed nations. The value of the increased inventory will be counted as part of the investment component of GDP in 2008, and the value of the 17 cars sold in 2009 will reduce the investment component in 2009 GDP.
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