Let C=consumption, I=private investment, G=government purchases, Xn=net exports.Which of the following best represents the equation for GDP?
A) GDP = C+ I + G − Xn
B) GDP = C + I + G + Xn
C) GDP = C + I + G + Net Imports
D) GDP = C + I + G + T + Xn
Correct Answer:
Verified
Q7: Which of the following is an example
Q8: Which of the following is true of
Q9: Refer to Figure 6-1."C" represents
A)the flow of
Q10: Which of the following is an example
Q11: Which of the following is counted as
Q13: The measurement of the value of goods
Q14: GDP is the sum of
A)personal consumption, private
Q15: Gross domestic product
A)is a flow variable.
B)is a
Q16: Refer to Figure 6-1."A" represents
A)the flow personal
Q17: Which statistic do economists use to measure
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