In a closed economy,GDP is all of the following except the total:
A) expenditure of everyone in the economy.
B) income of everyone in the economy.
C) expenditure on the economy's output of goods and services.
D) output of the economy.
Correct Answer:
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Q2: All of the following transactions that took
Q4: All of the following are a stock
Q5: The market value of all final goods
Q7: To compute the value of nominal GDP:
A)
Q8: The statistic used by economists to measure
Q9: All of the following are measures of
Q10: The economic statistic used to measure the
Q12: In the circular flow model, the flow
Q13: Which of the following is a stock
Q18: Assume that total output consists of 4
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