The Nongovernment Share of GDP Equals

question 73

Multiple Choice

The nongovernment share of GDP equals

• A)saving as a share of GDP.
• B)the sum of the consumption and investment shares of GDP.
• C)1 minus the government share of GDP.
• D)the sum of the investment and net export shares of GDP.
• E)the sum of the consumption and net export shares of GDP.

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Definitions:

Determination Of Income

The process of calculating the income of a business or individual, considering all sources of revenue and applicable expenses.

Nonoperating Activities

Transactions or events that fall outside the primary operations of a business, impacting the firm's financials but not related to its core operations.

Revenues

The complete revenue accrued from the core business activities through selling goods or services.

Secondary Operations

Processes that are performed after the primary manufacturing or production process to add value to a product, such as finishing, painting, or assembly.