Gross domestic product GDP) is
A) the sum of consumption expenditure, investment, government expenditure on goods and services, and net exports.
B) the sum of compensation of employees, proprietorsʹ income, net interest, rental income, corporate profits, depreciation, and indirect business taxes minus subsidies.
C) the value of all final goods and services produced in a country during a year.
D) all of the above
Correct Answer:
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Q41: Q57: Suppose Mail Boxes Etc. buys a new Q57: The circular flow shows that Q58: According to the circular flow diagram, the Q59: Choose the best statement. Q61: The largest component of GDP in the Q62: GDP can be computed as the sum Q63: Net investment equals Q64: The four categories of expenditure used by Q65: _is gross investment minus_ .
A) aggregate production
A) An increase in
A) gross investment + depreciation.
B)
A) Depreciation; replacement
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