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Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457 Exercise 4
The expenditure approach measures GDP by adding all the expenditures for final goods made by
A) households.
B) businesses.
C) government.
D) foreigners.
E) all of the above.
A) households.
B) businesses.
C) government.
D) foreigners.
E) all of the above.
Explanation
Verified
Verified
GDP = C + I + G + (X-M)
Where
C is Perso...
Economics for Today 7th Edition by Irvin Tucker
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