Read the news clip then answer the following question The st

Read the news clip, then answer the following question. The statement that total sales by businesses were up 0.3 percent means that Expansion remains slow The Commerce Department reported that retail sales increased 1.3 percent in Net exports were up 0.8 percent in the first quarter and inventories held by businesses rose by 0.3 percent in June. Total sales by businesses rose 0 3 pe GDP because O A. increased by 0.3 percent, GDP is a record of the value of all production Source Commerce Department O B. decreased by 0.3 percent, \"total sales by businesses\" are sales of O C. did not change by 0.3 percent, GDP measures production of all final goods O D. increased by less than 0.3 percent, we need to subtract retail sales of 1.3 O E. increased by more than 0.3 percent, \"total sales by businesses\" includes intermediate goods and services and services and \"total sales by businesses includes final and intermediate goods and services percent from the \"total sales by businesses\" to eliminate double counting only sales of intermediate goods and services

Solution

Solution: didnot change by 0.3 percent; GDP measures production of all final goods and services and \"total sales by businesses\" include final and intermediate goods and services

Explanation: Although retail sales increased by 0.3%, thus GDP did not change by 0.3% because it includes only final goods and services. Total retails sales includes intermediate as well as final goods and services