GDP is the market value of
A) resources (land, labor, capital, and entrepreneurship) in an economy in a given year.
B) all final goods and services produced in an economy in a given year.
C) consumption and investment spending in an economy in a given year.
D) all output produced and accumulated over the years.
Correct Answer:
Verified
Q173: Adding the market value of all final
Q174: Personal income usually exceeds disposable income.
Q175: NDP can be determined by adding taxes
Q176: The total volume of business sales in
Q177: If real GDP is 50 and nominal
Q179: To avoid multiple counting in national income
Q180: All of the following are examples of
Q181: A business buys $5,000 worth of inputs
Q182: Subtracting the purchase of intermediate products and
Q183: Which of the following is included in
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