Which of the following is FALSE? GDP can be calculated by summing:
A) total market value of all final goods and services produced in a country in a given year.
B) all factor payments within a country's borders in a given year.
C) the value added for all goods and services.
D) government spending and tax revenues.
Correct Answer:
Verified
Q417: GDP calculated via factor payments includes:
A)wages, interest
Q418: Private saving by households is:
A)the portion of
Q419: GDP for a given period measures the:
A)money
Q420: Transfer payments:
A)are a means by which government
Q421: The GDP deflator is:
A)also known as the
Q423: Use the following to answer questions :
Q424: Value added is equal to the value
Q425: Purchases of imported products are:
A)subtracted from GDP.
B)considered
Q426: Use the following to answer questions :
Q427: Use the following to answer questions :
Scenario:
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