A closed economy is one in which:
A) all goods are produced and sold domestically; no outside trade occurs.
B) all goods are consumed domestically; no goods are exported.
C) only intermediate goods are sold domestically.
D) goods are exported, but not imported.
Correct Answer:
Verified
Q52: Which of the following is a good
Q53: Investment, as a part of GDP, includes:
A)
Q54: Amin wins a $1,500 scholarship from the
Q55: Which of the following is a consumption
Q56: Which of the following does not appear
Q58: Consumption, as a component of GDP, measures:
A)
Q59: At the end of the year, 2,500
Q60: What is included when using the expenditure
Q61: Which of the following is an example
Q62: Using the income approach to calculating GDP,
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