Gross domestic product is the
A) value of the final goods and services produced in a country during a specific time.
B) total amount of income earned in producing the final goods and services in a country during a specific time.
C) total amount that buyers spent on the final goods and services produced in a country during a specific time.
D) All of the above answers are correct.
Correct Answer:
Verified
Q41: Depreciation is defined as the
A) decrease in
Q42: According to the circular flow diagram, the
Q43: Depreciation is
A) the decrease in the stock
Q44: Total output and total income in the
Q45: Gross domestic product (GDP) is
A) the sum
Q48: The circular flow shows that
A) GDP equals
Q49: Which of the following relationships is correct?
A)
Q50: Comparing aggregate expenditure and aggregate incomes shows
Q51: Choose the best statement.
A) An increase in
Q52: Which of the following is correct?
A) Aggregate
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents