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:

Present Value Tables

Tables that provide the factors required to calculate the present value of future cash flows or income.

Semiannually

Occurring or payable twice each year.

Present Value Table

A table used to determine the present value of a cash flow or series of cash flows to be received in the future, based on a certain discount rate.

Loan Agreement

A legally binding contract between a borrower and a lender, detailing the terms and conditions of a loan.