Gross domestic product (GDP) is
A) the sum of compensation of employees, proprietors' income, net interest, rental income, corporate profits, depreciation, and indirect business taxes minus subsidies.
B) the sum of consumption expenditure, investment, government expenditure on goods and services, and net exports.
C) the value of all final goods and services produced in a country during a year.
D) all of the above
Correct Answer:
Verified
Q40: Which of the following is true regarding
Q41: Gross investment equals net investment plus
A) depreciation.
B)
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
Q47: Gross domestic product is the
A) value of
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
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