General Motors produces a pick-up truck in a factory in Ontario. As of December 31, 2018, the truck was 60% complete on the assembly line. On January 31, 2019 the truck was finished and sold to the City of Hamilton for $80,000. Which of the following statements is correct? OA) 2018 investment spending rises by 482,000; 2019 consumption rises by $80,000 and investment spending is unchanged. B) 2018 investment spending rises by $48,000; 2019 government spending rises by $80,000 and investment spending falls by $48,000. C) 2018 investment spending rises by $48,000; 2019 government spending rises by $80,000 and investment spending is unchanged. D) 2018 investment spending rises by $32,000; 2019 government spending ricor by $80.000 and investment spending falls by $32,000.

General Motors produces a pick-up truck in a factory in Ontario. As of December 31, 2018, the truck was 60% complete on the assembly line. On January 31, 2019 the truck was finished and sold to the City of Hamilton for $80,000. Which of the following statements is correct? OA) 2018 investment spending rises by 482,000; 2019 consumption rises by $80,000 and investment spending is unchanged. B) 2018 investment spending rises by $48,000; 2019 government spending rises by $80,000 and investment spending falls by $48,000. C) 2018 investment spending rises by $48,000; 2019 government spending rises by $80,000 and investment spending is unchanged. D) 2018 investment spending rises by $32,000; 2019 government spending ricor by $80.000 and investment spending falls by $32,000.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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