Suppose the total monetary value of all final goods and services produced in a particular country in 2010 is $500 billion and the total monetary value of final goods and services sold is $450 billion. We can conclude that:

a) GDP in 2010 is $450 billion.
b) NDP in 2010 is $450 billion.
c) GDP in 2010 is $500 billion.
d) inventories in 2010 fell by $50 billion.

ANSWER:

c) GDP in 2010 is $500 billion.