"although gdp is likely the best measure of economic activity in the economy, one reason why gdp is considered to be an imperfect measure is because: "

The reason why GDP is considered to be an imperfect measure is that not only it measures the products or services in a given time in a country but it does not include the purchase of foreign goods as the products and services it measures are only of the country it resides.

Explanation:

The correct value of inventory:

Year end balance $267,670

Add:

Goods purchased on term FOB shipping point $25,600

Goods sold on terms FOB destination $52,170

Less: Goods purchased on terms FOB destination ($43,630)

Correct inventory as on December 31 $301,810