Which of the Following Equations Is the Correct Equation for GDP

question 223

Multiple Choice

Which of the following equations is the correct equation for GDP?

• A)GDP = C + I + G
• B)GDP = C + I + G + X + M
• C)GDP = C + I + G - X - M
• D)GDP = C + I + G + X - M

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Definitions:

Ronald Reagan

The 40th President of the United States (1981-1989), known for his conservative policies, economic reforms, and a strong stance against the Soviet Union during the Cold War.

Conservative Agenda

A political ideology focusing on maintaining traditional values, limited government, and free market principles.

Ronald Reagan

The 40th President of the United States (1981-1989), known for his conservative policies and role in ending the Cold War.