If 'C' denotes consumption expenditure, 'I' denotes investment expenditure, 'G' denotes government expenditure and 'X' denotes net exports, then C + I + G + X equals:
A)net national product.
B)disposable personal income.
C)national income.
D)personal income.
E)gross domestic product.

Question

Quizplus · Accepted Answer

C + I + G + X represents the components of gross domestic product (GDP), which is the total value of goods and services produced within a country's borders. Therefore, the correct choice is gross domestic product (option E).

If 'C' Denotes Consumption Expenditure, 'I' Denotes Investment Expenditure, 'G