GDP is the sum of
A) personal consumption, private investment, government purchases, exports, and imports.
B) personal consumption, private investment, government purchases, and net exports.
C) personal consumption, private investment, government purchases, and net imports.
D) personal consumption, private investment, government purchases, and imports-exports
Correct Answer:
Verified
Q5: What is the difference between a flow
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
Q12: Let C=consumption, I=private investment, G=government purchases, Xn=net
Q13: The measurement of the value of goods
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
Q18: GDP can be measured
A)either in terms of
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