GDP can be calculated by all of the following methods except
A) Adding up the spending on goods and services by business,government,households,and foreigners,and subtracting imports.
B) Adding up the "value added" at every stage of production in the economy.
C) Adding up all of the receipts of households,government,and business.
D) Adding up all income and expenses by consumers and businesses.
Correct Answer:
Verified
Q7: If GDP grows more rapidly than population
Q8: For an economy with only two goods,skate
Q9: A nation's GDP can be calculated as
A)The
Q10: If a nation has GDP of $12,500
Q11: Which of the following is treated differently
Q13: Prices are used in national income accounting
Q14: Suppose Blu-Ray players cost consumers $300 and
Q15: Which of the following is excluded from
Q16: Suppose a friend claims he is helping
Q17: National income accounting is defined as the
A)Use
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