Ask Question
BusinessBusiness
12 June, 06:10

In November 2016, General Motors produced a car that was delivered to a local dealership in December 2016. The auto was sold to Sharon Smith for personal use in February 2017. Following national income accounting practices, this car would be counted as:

+3
Answers (1)
  1. 12 June, 08:37
    0
    It will be counted as investment in 2016 and negative investment in 2017.

    Explanation:

    National income refers to the total value of a country's final output of all new goods and services produced in one year. There are various ways of measuring national income, e. g. GDP, GNP, etc

    Therefore, following national income accounting practices, the car would be counted as part of the investments and GDP of 2016, and negative investment in 2017, because that was the year in which it was produced.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In November 2016, General Motors produced a car that was delivered to a local dealership in December 2016. The auto was sold to Sharon ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Given that spending for a certain household will always include a base amount of $1000/month, and that additional spending is equal to half of any income earned, we can predict household spending with a model y=b+mx, where
Answers (1)
Why are small businesses an important part of the American economy
Answers (1)
Once a sprint begins, who determines how the development team will do its work?
Answers (1)
If the equilibrium quantity demanded for a new sports watch is 900 truckloads of watches and the equilibrium price is $70 per watch then a drop in the price of watches to $40
Answers (1)
Which is a desirable characteristic to look for when choosing a credit card? no grace period low down payment no annual fee high interest rate
Answers (1)
New Questions in Business
It takes a total of 475 seconds for one technician to assemble one airrules smart phone, working alone.
Answers (1)
You would advise a client that's launching a new product line to advertise on the google display network because she can:
Answers (1)
Which statement is generally TRUE? Private markets overprovide public goods. Private markets underprovide public goods. Private markets provide the socially optimal amount of public good.
Answers (1)
When opening a checking account, the bank does not run an account verification if you provide a state-issued ID.
Answers (1)
According to the case, the digital tabloid market is at which stage of the product life cycle?
Answers (1)
Home » Business » In November 2016, General Motors produced a car that was delivered to a local dealership in December 2016. The auto was sold to Sharon Smith for personal use in February 2017.
Sign Up Forgot Password?