In the Formula for GDP (GDP = C + I

question 42

Multiple Choice

In the formula for GDP (GDP = C + I + G + (X - M) ) , what does M represent?

• A) exports
• B) government spending
• C) personal consumer spending
• D) imports

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Definitions:

Principle of Randomness

The concept that outcomes or selections are made in a way that all possible outcomes have an equal chance of occurring, without bias.

Public Opinion Polling

The process of surveying public opinion from a particular sample, used to infer the opinion or attitude of the population.

George Gallup

A pioneering American pollster and the founder of Gallup, Inc., known for developing modern survey techniques to gauge public opinion.

Literary Digest

A general interest magazine published in the United States in the first half of the 20th century, known for its failed prediction of the 1936 presidential election.