Gross domestic product can be calculated
A) by adding up the income tax returns of all members of the society.
B) by adding up the personal consumption of all members of the society.
C) either by valuing the nationʹs output of goods and services or by valuing the income generated in the production process.
D) by adding up the value of all intermediate goods used in the economy.
Correct Answer:
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Q41: Q47: Total output and total income in the Q48: Gross investment equals Q49: Which of the following relationships is correct? Q50: Which of the following are equal to Q51: Net investment equals Q53: Comparing aggregate expenditure and aggregate incomes shows Q54: Gross investment equals net investment plus Q57: The circular flow shows that Q57: Suppose Mail Boxes Etc. buys a new![]()
A) net investment + depreciation.
B)
A)
A) capital stock minus depreciation.
B)
A) dividends
A) aggregate production
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