GDP Is the Sum Of

question 49

Multiple Choice

GDP is the sum of:

• A) personal consumption, private investment, government purchases, and imports.
• B) personal consumption, private investment, government purchases, and net exports.
• C) personal consumption, private investment, government purchases, and net imports.
• D) personal consumption, private investment, government purchases, and foreign remittances.

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Definitions:

Contributions

Amounts given or payments made towards a common goal, project, or for the benefit of a group.

Compounded Semi-annually

A method where interest is calculated and added to the principal amount twice a year.

Quarterly

Happening quarterly or four times annually.

Trust Fund

A legal arrangement through which assets are held by a third party for the benefit of another party or parties.