The Following Is a List of Figures for a Given

question 5

Essay

The following is a list of figures for a given year in billions of dollars.Using this data, compute: (a) GDP by the Expenditure Method; (b) GDP by the Income Method; (c) Net exports; and (d) Net Investment.

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Definitions:

Open-Ended Questions

Questions that allow respondents to answer in their own words, providing depth and insight beyond simple yes or no answers.

Closed-Ended Questions

Questions designed with predefined response options, allowing for easier quantification of answers but limiting the ability to provide nuanced responses.

Response Alternatives

The different options or answers that are provided for a question in a survey or questionnaire.

Panel Study

A longitudinal study where the same individuals or units are surveyed or measured over multiple time points.