Gross domestic product is the
A) value of the final goods and services produced in a country during a specific time.
B) total amount that buyers spent on the final goods and services produced in a country during a specific time.
C) total amount of income earned in producing the final goods and services in a country during a specific time.
D) All of the above answers are correct.
Correct Answer:
Verified
Q41: Q42: According to the circular flow diagram, the Q43: GDP equals Q44: Gross investment is equal to Q45: Suppose Mail Boxes Etc. buys a new Q47: Comparing aggregate expenditure and aggregate incomes shows Q48: Gross investment equals net investment plus Q49: Which of the following are equal to Q50: Gross investment equals Q51: Choose the best statement.![]()
A) C + S + G
A) depreciation minus
A) capital.
B)
A) net investment - depreciation
A) GDP equals aggregate
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