Gross domestic product is the
A) total amount that buyers spent on the final goods and services produced in a country during a specific time.
B) total amount of income earned in producing the final goods and services in a country during a specific time.
C) value of the final goods and services produced in a country during a specific time.
D) All of the above answers are correct.
Correct Answer:
Verified
Q37: The circular flow of income shows that
A)
Q38: The circular flow diagram shows that
A) the
Q39: The circular flow model shows that consumer
Q40: In the circular flow of economic activity
A)
Q41: Depreciation is defined as the
A) decrease in
Q43: GDP equals
A) C+I+G+X+M).
B) C+S+G+X-M)
C) C+I+G+X-M)..
D) C+S+G+X-M),
Q44: Gross investment is equal to
A) depreciation plus
Q45: Which of the following is correct?
A) Aggregate
Q47: Total output and total income in the
Q59: 
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