GDP Is the Sum Of

question 47

Multiple Choice

GDP is the sum of:

• A) personal consumption, investment, government purchases of goods and services, exports, and imports.
• B) personal consumption, investment, government purchases of goods and services, and net exports.
• C) personal consumption, investment, government purchases of goods and services, and net imports.
• D) value added, net imports, and government purchases of goods and services.

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Definitions:

Corporation

A legal entity that is separate from its owners, with the ability to own assets, incur liabilities, and sell stocks.

Issuing Stock

The process by which a company distributes its shares to investors, thereby raising capital in exchange for ownership interests in the company.

Corporation

A legal entity that is separate from its owners and shareholders, which can own assets, incur liabilities, and conduct business.

Government Entity

An organization operated by the government.