The GDP of a closed economy is composed of:
A) consumption, investment, and government spending.
B) consumption, investment, government spending, and the trade balance.
C) consumption and investment.
D) consumption and government spending.
E) consumption and exports
Correct Answer:
Verified
Q5: Which of the following relationships is incorrect?
A)
Q6: Which of the following would not be
Q7: The value of final output measured in
Q8: Real GDP is the value of final
Q9: Which of the following is not one
Q11: The GDP of an open economy is
Q12: When imports of a country increase, the
Q13: When GDP is smaller than the sum
Q14: When GDP is larger than the sum
Q15: When a country has a trade deficit:
A)
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