The gross domestic product of an economy is
A) the total value of the spending on final goods and services produced domestically by households, businesses, government, and foreigners.
B) the total value of production across all sectors of the economy.
C) the total wage and profit income earned by the different groups of people that produce output within the economy.
D) all of the above.
E) none of the above.
Correct Answer:
Verified
Q1: The capital account includes as a credit
A)
Q3: Which of the following is not a
Q4: Which of the following does not account
Q5: The equivalence of measuring GDP by spending,
Q6: Starting with national income, which of the
Q7: Labor's share of GDP in the United
Q8: In the United States, consumption expenditure, as
Q9: Which of the following is not included
Q10: Inventories are included in the computation of
Q11: Which of the following is not added
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