Gross domestic product can be calculated
A) by adding up the personal consumption of all members of the society.
B) either by valuing the nation's output of goods and services or by valuing the income generated in the production process.
C) by adding up the income tax returns of all members of the society.
D) by adding up the value of all intermediate goods used in the economy.
Correct Answer:
Verified
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
Q53: Net investment equals
A) capital stock minus depreciation.
B)
Q54: Depreciation is subtracted from gross domestic product
Q56: In the nation of Nirvana, depreciation is
Q57: Comparing gross domestic product and net domestic
Q58: Suppose Mail Boxes Etc. buys a new
Q59: GDP equals net domestic product plus
A) indirect
Q60: Which of the following are equal to
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