Choose the best statement.
A) GDP equals aggregate expenditure and equals aggregate income.
B) An increase in government purchases increases aggregate expenditure but does not change GDP.
C) An increase in compensation of employees increases aggregate income but does not change GDP.
D) GDP always equals aggregate expenditure and sometimes equals aggregate income.
Correct Answer:
Verified
Q46: Gross domestic product is the
A) value of
Q47: Comparing aggregate expenditure and aggregate incomes shows
Q48: Gross investment equals net investment plus
A) capital.
B)
Q49: Which of the following are equal to
Q50: Gross investment equals
A) net investment - depreciation
Q52: Which of the following relationships is CORRECT?
A)
Q53: Depreciation is defined as the
A) decrease in
Q54: Which of the following is CORRECT?
A) Aggregate
Q55: Gross domestic product (GDP) is
A) the value
Q56: Gross domestic product can be calculated
A) either
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