A newspaper article informs you that most businesses reduced production in the last quarter of the year, but also sold from their inventories during that quarter. Based on this information, GDP llikely___________.
1. increased.
2. decreased.
3. stayed the same.
4. may have increased, decreased, or stayed the same.
GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time. So, since production is reduced, it means GDP will decrease.
