The National Spending Approach to Calculating GDP States That GDP

question 87

Multiple Choice

The national spending approach to calculating GDP states that GDP is equal to:

• A) consumption + investment + government spending + net exports.
• B) wages + rent + interest + profit.
• C) wages + profit.
• D) consumption + investment + government spending + net exports - imports.

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Definitions:

Symbolic Constants

Symbolic Constants are named entities in programming that represent fixed values which cannot be altered during the execution of a program.

Tested Condition

An expression in programming that is evaluated in if-statements, loops, and other control structures to determine which path of execution to follow.

Numeric Data

Data that consists of numbers, which can be used in mathematical operations and statistical analysis.