The measurement of the value of goods and services purchased by households during a particular period is called
A) personal consumption.
B) private investment.
C) government purchases.
D) net exports.
Correct Answer:
Verified
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
Q12: Let C=consumption, I=private investment, G=government purchases, Xn=net
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
Q18: GDP can be measured
A)either in terms of
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